Real Estate Market Update for Lakewood, IL
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was up 79% from one year earlier, and up 8% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 400-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 200%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 380-thousand dollars. The number of units sold increased 100% year-over-year, and increased 100% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Lakewood, IL
Area Information for Lakewood, IL
  • Population: 3,851
  • Median Age: 36.31 yr
  • Median Commute Time: 27.49 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 1,050/sq mi
  • Population Change Since 2000: 56.23%
  • Closest Airport: Chicago O'hare International
  • Closest College: Keller Graduate School-devry University
  • Closest Jr. College: Mchenry County College
  • Median Household Income: $90,378
  • Annual Residential Turnover: 14.44%
  • Median Years in Residence: 4.46 yr
  • Median Home Sales Price: $285,000
  • Closest Major Sports Team: Cubs
  • Change Avg. Household Income Since 2000: 12%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Lakewood, IL
Median Age: 36.31 Married: 40% Number of Households: 1,260 Households with Children: 617
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Lakewood, IL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Glacier Ridge Elementary School 98.8 mi Public K-5 4-5 5
      Indian Prairie Elem School 98.9 mi Public K-5 4-5 4
      Woods Creek Elementary School 99.3 mi Public K-5 5 4
      Crystal Lake South High School 99.9 mi Public 9-12 4-5 4
      Canterbury Elem School 100.7 mi Public K-5 3 4
      Coventry Elementary School 100.8 mi Public K-5 3 4
      Kindercare Learning Center 100.9 mi Private UNGRADE-UNGRADE 0 0
      Lundahl Middle School 101.2 mi Public 6-8 4-5 3
      South Elem School 101.3 mi Public K-5 4-5 4
      St Thomas The Apostle 101.8 mi Catholic PRESCHOOL-8 0 5
      West Elem School 101.8 mi Public K-5 4 4
      Faith Lutheran High School 102.0 mi Private 9-12 0 5
      Crystal Lake Central High School 102.2 mi Public 9-12 4 5
      Husmann Elem School 102.2 mi Public K-5 4 5
      North Elem School 102.5 mi Public K-5 3 4
      Hannah Beardsley Middle School 102.5 mi Public 6-8 4 4
      Richard F Bernotas Middle School 102.6 mi Public 6-8 4 4
      Montessori Pathways 102.7 mi Private PRESCHOOL-K 0 0
      Prairie Grove Junior High School 104.2 mi Public 6-8 4-5 4
      Prairie Grove Elem School 104.2 mi Public K-8 4 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Lakewood, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.