Why Live in Lake Katherine
Lake Katherine, spanning Palos Park and Palos Heights, is a residential neighborhood located 25 miles southwest of Chicago. Known for its serene environment and outdoor recreation, the area is named after the Lake Katherine Nature Center and Botanic Gardens. This 85-acre site features gardens, a nature center, a boathouse, and over 2 miles of walking trails. Residents enjoy activities such as kayaking, canoeing, and educational programs about the natural environment. Housing options include 1950s ranches with rustic facades and townhouses in subdivisions like Edelweiss on the Lake, which showcase Tudor-inspired designs. The neighborhood is served by highly rated schools: Palos East Elementary, Palos South Middle, and Amos Alonzo Stagg High, which offers a variety of extracurricular activities.
For dining and shopping, residents head to the nearby Harlem Avenue, home to locally owned restaurants like Kefi Greek Cuisine and Capri Ristorante Italian, and shops such as Wandering Wishes Boutique. Grocery needs are met at Jewel-Osco, located southeast of the neighborhood. Commuting is convenient with the Palos Park and Palos Heights Metra Stations, and access to Interstate 55 via State Route 43. The neighborhood also celebrates local events, including a holiday parade and a St. Patrick's Day waterfall dyeing at the nature center. Local employment opportunities are available at Trinity Christian College and Northwestern Palos Hospital. The crime rate in Lake Katherine is lower than the national average, contributing to its appeal as a peaceful suburban community.
Home Trends in Lake Katherine, IL
On average, homes in Lake Katherine, Palos Park sell after 16 days on the market compared to the national average of 51 days. The median sale price for homes in Lake Katherine, Palos Park over the last 12 months is $295,500, down 11% from the median home sale price over the previous 12 months.
Median Sale Price
$295,500
Median Single Family Sale Price
$577,000
Median Townhouse Sale Price
$382,500
Median 2 Bedroom Sale Price
$280,000
Average Price Per Sq Ft
$192
Number of Homes for Sale
8
Last 12 months Home Sales
30
Median List Price
$349,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-11%