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Featured local agent — Cedar Lake, IN
Sarah Mitchell
Compass Real Estate · Cedar Lake, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cedar Lake, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$317,500median sale price
How is the Cedar Lake, IN housing market right now?
The median home sale price in Cedar Lake, IN is $317,500, up 5.8% year-over-year. Homes sell in an average of 34 days with 78 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cedar Lake a buyer's or seller's market?
Cedar Lake, IN is currently a seller's market, based on 2.8 months of supply and homes selling in about 34 days. How we determine this →
Homes sold
28
Last 12 weeks
Days on market
34
Average pace
Active listings
78
2.8 months supply
Sale-to-list
97.2%
Below asking
What does the Cedar Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $317,500 |
| Median list price | $407,450 |
| Year-over-year price change | +5.8% |
| Average days on market | 34 days |
| Active inventory | 78 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 97.2% |
| Median price per sq ft | $189/sq ft |
| Homes sold (latest month) | 28 |
| New listings (latest month) | 28 |
| Listings with a price cut | 35.9% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Cedar Lake by property type?
How the Cedar Lake, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $330,000 | $189/sq ft | 21 | 32 days |
| Condo / Co-op | $534,000 | $270/sq ft | 1 | 21 days |
| Townhouse | $277,500 | $171/sq ft | 6 | 78 days |
Source: Redfin · Updated monthly
The Cedar Lake housing market is currently classified as a seller's market with a median sale price of $317,500. Prices have risen 5.8% compared to last year, with homes spending an average of 34 days on market, indicating 2.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.3x provides context for how home values compare to local earning capacity.
Homes for sale in Cedar Lake
There are currently 78 homes listed for sale in Cedar Lake, Indiana. The median listing price is $407K.
Active listings
78
Homes on market
Median list price
$407K
Avg. days on market
34
Days until sale
New this week
28
Newly listed
Who lives in Cedar Lake?
Population
14,686
Median income
$79,177/yr
Median age
40.3 years
Owner-occupied
80.1%
College grads
24.8%
Avg commute
33.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Cedar Lake?
Zillow home value
$337,756
Zillow rent index
$2,349/mo
Price-to-rent ratio
12.0x
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Cedar Lake?
Cedar Lake is a community of approximately 15K residents with a median age of 40.3 years.The median household income is $79,177, which reflects a relatively affluent area with strong earning potential. 24.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 80.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 33.7 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Cedar Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Cedar Lake?
6 schools tracked · 3,270 students
The largest public schools serving Cedar Lake, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Hanover Central High School
Grades 9-12 · 817 students
Hanover Central Middle School
Grades 6-8 · 668 students
Red Cedars Elementary
Grades 3-5 · 642 students
Douglas MacArthur Elem School
Grades PK-5 · 473 students
Jane Ball Elementary School
Grades PK-2 · 348 students
Lincoln Elementary School
Grades K-2 · 322 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cedar Lake, IN?
Want a head-to-head view? Compare Cedar Lake side-by-side with any other U.S. city using our market-comparison tool.
Is Cedar Lake a good real estate investment market?
For investors evaluating Cedar Lake, the price-to-rent ratio of 12.0x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 5.8% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Cedar Lake's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Cedar Lake's median home price.
Frequently asked questions
What is the average home price in Cedar Lake?
The median home sale price in Cedar Lake is $317,500, up 5.8% from last year.
How long do homes stay on market in Cedar Lake?
Homes typically spend 34 days on market before going under contract.
What is the median income in Cedar Lake?
The median household income is $79,177 per year.
Is Cedar Lake a buyer's or seller's market?
With 2.8 months of supply, Cedar Lake is currently a seller's market.
What is the Zillow home value estimate for Cedar Lake?
The Zillow Home Value Index (ZHVI) for Cedar Lake is $337,756, representing the typical home value in the area.
What is the median condo price in Cedar Lake?
The median condo/co-op sale price in Cedar Lake, IN is $534,000, compared to $330,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Cedar Lake?
The median single-family home price in Cedar Lake, IN is $330,000 (about $189 per square foot).
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