Real Estate Market Update for Lake Villa, IL
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 16% from one year earlier, and down 3% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 290-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 14%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 230-thousand dollars. The number of units sold increased 125% year-over-year, and increased 80% 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 Lake Villa, IL

Area Information for Lake Villa, IL
  • Population: 8,628
  • Median Age: 39.93 yr
  • Median Commute Time: 35 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 1,228/sq mi
  • Population Change Since 2000: 30.83%
  • Closest Airport: Chicago O'hare International
  • Closest College: Univ St Mary The Lake-mundelein Seminary
  • Closest Jr. College: College Of Lake County
  • Median Household Income: $94,101
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $315,000
  • Closest Major Sports Team: Kane County Cougars (a)
  • Change Avg. Household Income Since 2000: 55.98%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Lake Villa, IL
Median Age: 39.93 Married: 45% Number of Households: 2,978 Households with Children: 1,073
    • 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 Lake Villa, IL

      School Name Distance Type Grades School Rating
      Prince Of Peace School 0.4 mi Catholic PRESCHOOL-8 0
      Kindergarten At Pleviak Elementary 0.7 mi Public K-K 0
      Peter J Palombi School 0.9 mi Public 6-8 3
      One Hope United/ Care Day School 1.0 mi Private 3-12 0
      Lindenhurst Early Childhood Ctr 1.4 mi Private PRESCHOOL-K 0
      William L Thompson School 1.6 mi Public PRESCHOOL-5 4
      Allendale-benet Lake School 1.7 mi Private - 0
      Allendale School 1.8 mi Private 3-12 0
      B J Hooper Elementary School 2.0 mi Public PRESCHOOL-5 4
      Oakland Elementary School 2.2 mi Public K-5 3
      Lakes Community High School 2.4 mi Public 9-12 4
      S.t.u.d.y.s. Ministries Christian Academy 2.6 mi Private PRESCHOOL-12 0
      Olive C Martin School 3.0 mi Public K-6 3
      Millburn Middle School 3.1 mi Public 6-8 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.
      Local Weather for Lake Villa, IL
        Data powered by Attom Data Solutions. Copyright© 2022. Information 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.