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Lancaster Woods Home for Sale

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    $87,500

    • Land
    • 0.39 Acre
    • $224,359 per Acre

    16961 Forest Glen Dr, Tinley Park, IL 60477

    Secluded, wooded & rolling lot available in the Forest Glen Neighborhood of Tinley Park. Perfect location for your new home! This neighborhood is adjacent to Vogt Woods & Midlothian Creek and is near the Downtown Tinley Park area and the commuter train. Great place to call home & build in Tinley Park!

    Valerie Shalati Village Realty, Inc.

    16961 Forest Glen Dr, Tinley Park, IL 60477

Why Live in Lancaster Woods

Lancaster Woods in Tinley Park is a well-organized community located in the northeast corridor of one of Chicago's fastest-growing suburbs. The neighborhood features a variety of home styles, including ranch-style houses, modernized Victorians, split levels, and Contemporary custom builds, many with spacious yards, driveways, and garages. The area is known for its lush nature preserves such as St. Mihiel Woods East, Yankee Woods, and the George Dunne National Golf Course, offering residents ample opportunities for outdoor activities. Lancaster Woods Park and Robert Allen McAllister Park provide local green spaces for picnicking and leisurely walks. The neighborhood is served by highly rated schools, including Tinley Park High, which offers an Advanced Placement curriculum. Residents have access to shopping and dining options at Tinley Park Commons, featuring Jewel-Osco and Rubino's Italian Imports, as well as local eateries like Old Tinley Pub & Eatery and Mely's Mexican Cuisine. Commuting to downtown Chicago is convenient via Interstate 57 North, a 27-mile drive, or the Tinley Park Station, which offers commuter rail access to the city in under an hour. Lancaster Woods is noted for its lower-than-average property taxes compared to nearby suburbs, making it a practical choice for those seeking a quiet suburban lifestyle with easy access to urban amenities.

Frequently Asked Questions

Is Lancaster Woods a good place to live?
Lancaster Woods is a good place to live. Lancaster Woods is considered very car-dependent and somewhat bikeable. Lancaster Woods is a suburban neighborhood. Lancaster Woods has 6 parks for recreational activities. It is somewhat dense in population with 9.2 people per acre and a median age of 41. The average household income is $92,889 which is below the national average. College graduates make up 36.6% of residents. A majority of residents in Lancaster Woods are home owners, with 45.5% of residents renting and 54.5% of residents owning their home. A local real estate agent serving Lancaster Woods can help you decide if this neighborhood is the right one for you. Learn more on our Lancaster Woods neighborhood guide.
How much do you need to make to afford a house in Lancaster Woods?
The median home price in Lancaster Woods is $325,000. If you put a 20% down payment of $65,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,680 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $72K a year to afford the median home price in Lancaster Woods. The average household income in Lancaster Woods is $93K.
What are the best public schools in Lancaster Woods?
The best public schools that serve Lancaster Woods are:
What are the best private schools in Lancaster Woods?
The best private schools that serve Lancaster Woods are:
What are the most popular zip codes in Lancaster Woods, Tinley Park, IL?
The most popular zip codes in Lancaster Woods, Tinley Park, IL include 60477, 60452, 60478, 60449 and 60462.
What are the most popular neighborhoods near Lancaster Woods, Tinley Park, IL?
The most popular neighborhoods near Lancaster Woods, Tinley Park, IL are Vogts Tinley Park Acres, Yankee Woods, Thies, Centennial Park and East Tinley Park.

Home Trends in Lancaster Woods, IL

Housing Trends

Median Sale Price
$312,000
Median Single Family Sale Price
$312,000
Median 2 Bedroom Sale Price
$649,900
Average Price Per Sq Ft
$246
Number of Homes for Sale
2
Last 12 months Home Sales
33
Months of Supply
0.70
Median List Price
$325,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
2%
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