Explore Similar Townhomes Within 25 Miles of Lake Petersburg, IL
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Why Live in Lake Petersburg
Lake Petersburg, located just south of Petersburg, is a private lakeside community known for its exclusive access to the lake's recreational activities such as jet skiing, fishing, and swimming. The neighborhood features a mix of ranch-style homes from the 1960s and 70s, modern properties, and open lots, all with private docks and expansive lake views. Homes typically offer around 2,000 square feet of living space on lots larger than a quarter acre. Streets are gravel without sidewalks, adding to the rural, rustic charm. The Lake Petersburg Association, which all homeowners are part of, organizes community events like weekly bass fishing tournaments and a Fourth of July fireworks show. The association also manages the community's sewer system and enforces building and rental regulations. Nearby attractions include the Shambolee Golf Course and Lincoln's New Salem State Historic Site, offering outdoor activities and historical exploration. The community is about two miles from Petersburg, a small town with local businesses such as the Broadgauge entertainment venue, Hand of Fate brewery, and Mom + Pop's diner. For more extensive amenities, Springfield is 20 miles away, providing larger hospitals, more employers, and a regional airport. The PORTA Community Unit School District No. 202 serves local children, offering a range of academic programs in a close-knit environment. The crime rate in Lake Petersburg is lower than the national average, contributing to its appeal as a peaceful residential area.
Home Trends in Lake Petersburg, IL
On average, homes in Lake Petersburg, Petersburg sell after 25 days on the market compared to the national average of 70 days. The median sale price for homes in Lake Petersburg, Petersburg over the last 12 months is $209,495, up 3% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$209,495
Median Single Family Sale Price
$463,445
Median Townhouse Sale Price
$397,799
Median 2 Bedroom Sale Price
$475,000
Median 1 Bedroom Sale Price
$92,000
Average Price Per Sq Ft
$220
Number of Homes for Sale
5
Last 12 months Home Sales
2
Months of Supply
30.00
Median List Price
$397,799
Median Change From 1st List Price
-1%
Median Home Sale Price YoY Change
3%