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Cedar Lake is an Indiana city of about 11,000 residents located in southern Lake County, Indiana. This is primarily a residential town with a few small commercial businesses. Most residents work and shop in the nearby cities of Lowell or Crown Point.
Central to the town is its namesake lake. Cedar Lake is an 800 acre sports lake and the largest natural inland lake in Northwest Indiana. Around the lakeshore you will find areas to picnic, fish, or launch your boat. This is a publically accessible lake.
Cedar Lake’s Summerfest is an annual, four day festival held in early July. There is a parade, fireworks, boat race, fun-run, and a car show. Festival goers can also enjoy great festival food, the beer garden, and carnival games. The town hosts a similar but more low key festival at the end of summer in September.
There are several notable bars and restaurants in Cedar Lake. Most notable, and a bit of a “must-try” destination for Northwest Indiana is the Lighthouse Restaurant. You can drive in or boat in. The restaurant’s menu changes, but is mostly surf & turf meals. This restaurant gets very strong reviews and is definitely something to check out.
Cedar Lake has a robust and diverse real estate market despite its small size. Homes for sale in Cedar Lake, IN include singles family dwellings, condos, townhouses, and duplexes. Houses for sale in Cedar Lake, IN make up about 70% of the market.
The price of housing in Cedar Lake, IN varies widely. This is common with inland lake communities. Small, project buildings in need of revitalization can be bought for less than $50,000. Many homes that can be immediately occupied are available from $100,000 to $200,000. And then there are lakefront properties which can cost between $300,000 and $1,000,000. So, when you are looking at Cedar Lake property for sale expect to see a wide variety of prices.
The Cedar Lake real estate market is very active. On average, over 350 homes are sold per year in this small community of 11,000 people. Housing prices are likely stable, too. The average days on market for a home for sale in Cedar Lake, Indiana is 61 days. This is right in line with the average for the combined Northwest Indiana region. The average selling price of $227,000 is about 9% higher than the Northwest Indiana combined average. These statistics indicate a healthy, predictable market is in place. Property is likely to appreciate, but more likely at the same rates as Northwest Indiana real estate as a whole. This rate is about 3.5% per year.
At Quadwalls.com, we list all of the homes for sale in Cedar Lake, IN and update the Cedar Lake real estate listings several times each day. Start searching today!
