The Cambridge Lakes housing market is somewhat competitive. The median sale price of a home in Cambridge Lakes was $287K last month, up 10.4% since last year. The median sale price per square foot in Cambridge Lakes is $167, up 8.8% since last year.
What is the housing market like in Cambridge Lakes today?
In March 2024, Cambridge Lakes home prices were up 10.4% compared to last year, selling for a median price of $287K. On average, homes in Cambridge Lakes sell after 60 days on the market compared to 61 days last year. There were 9 homes sold in March this year, down from 31 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$287,000
+10.4% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Cambridge Lakes, IL
$287,000
+10.4%
United States
To compare other locations to the Cambridge Lakes and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Pingree Grove add value to a home.
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How hot is the Cambridge Lakes housing market?
Cambridge Lakes is somewhat competitive. Homes sell in 50 days.
0
100
64
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 50 days.
Hot homes
can sell for about 2% above list price and go pending in around 35 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
100.5%
+1.4 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Cambridge Lakes, IL
100.5%
+1.4 pt
United States
Home offer insights for Cambridge Lakes
Explore recent offers and recently sold homes in Cambridge Lakes
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Cambridge Lakes housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Cambridge Lakes.
Risk Factor
Flood Factor - Moderate
29% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Cambridge Lakes has a moderate risk of flooding. 529 properties in Cambridge Lakes are likely to be
severely affected
by flooding over the next 30 years. This represents 29% of all properties in Cambridge Lakes. Flood risk is increasing slower than the national average.
9% of properties are at risk of wildfire over the next 30 years
Fire Factor
Cambridge Lakes has a moderate risk of wildfire. There are 258 properties in Cambridge Lakes that have some risk of being affected by wildfire over the next 30 years. This represents 9% of all properties in Cambridge Lakes.
Cambridge Lakes has minimal risk of severe winds over the next 30 years
Wind Factor
Cambridge Lakes has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
60% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Cambridge Lakes has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 60% of homes in Cambridge Lakes have a Moderate Heat Factor®.
Cambridge Lakes is expected to see a 100% increase in the number of days over 100ºF over the next 30 years. Cambridge Lakes is expected to experience 7