North Shore Suburbs
Avg. Home Value $1,252,576
Village Hall: 847-835-4111
Glencoe, 22 miles north of the Loop, began as an experiment in building the “perfect suburb”. Alexander Hammond, a retired physician and farmer from Rockford, led the quest to create a village with parks, homes and streets following the natural and beautiful topography of the land. Residents would agree that the experiment was an unmitigated success.
The principals that shaped Glencoe are still evident today. Strict zoning helps to maintain the spaciousness of the community, which reminds one more of a forest preserve than a suburb of a major metropolitan area. The central business district of the village is dotted with small boutiques, cafes and a variety of professional services. It is shielded from the many of the trappings of urban life (expressways, for example) by forest preserves, the Chicago Botanical Gardens and dense growth of trees. Outdoor activities are popular in the community, which boasts a nicely maintained beach, boating slips at the Wilmette Harbor and two nature sanctuaries. The district operates 18 parks, two outdoor ice rinks, two community centers, tennis courts, three golf courses, and bicycle! jogging paths.
Housing: The village has a mix of housing styles that include traditional two-stories, Tudors, Colonials and Georgians. Home prices range from $350,000 to 5 million. The average home sale price in 2006 was S1,326,996. Lakefront property is at a premium. Homes on the lake sell from 2+ million to more than 10 million.
Schools: Students attend Central Elementary School District 35, which is known for its language arts and fine arts programs, as well as its student-published magazine. Teenagers attend nationally recognized New Trier High School District 203 in neighboring Winnetka.
Transportation: Drivers have easy access to the Edens Expressway (1-94), and drive time to the Loop is 30 minutes. O’Hare Airport is 30 minutes away, while Midway Airport is a 50-minute drive. Metra trains reach the Loop in 29 minutes by express and 38 minutes on the locals.
Real Estate Market Stats
Home Size in Square Feet
|Zillow Home Value Index||$1,054,900||$248,900|
|Median Single Family Home Value||$1,071,800||$247,200|
|Median Condo Value||$281,100||$269,800|
|Median 2-Bedroom Home Value||$323,200||$184,800|
|Median 3-Bedroom Home Value||$640,300||$228,900|
|Median 4-Bedroom Home Value||$890,000||$348,000|
|Percent Homes Decreasing||121||2,282,481|
|Median List Price Per Sq Ft||$330||$298|
|Median Sale Price||$686,300||$250,000|
|Turnover (Sold Within Last Yr.)||121||2,282,481|
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