Reasons to Move to Cook County, IL
Prospective homebuyers are clearly taking advantage of the current interest rates and numerous government assistance programs. These interest rates mean homebuyers in Cook County can now afford much more house for the same monthly payment compared to when rates are higher. Motivated and opportunistic sellers in Cook County can field multiple offers from more qualified buyers, making it a dynamic market for both buyers and sellers.
What type of property to buy in Cook County,
Our extensive database in Cook County includes 92 preforeclosures, foreclosure auction properties, bankruptcies, REOs (real estate owned by lenders), and properties from HUD, VA, Fannie Mae, and other government agencies in Cook County. We also feature listings from over 100 corporate sellers. Our information is updated daily, sourced directly from these entities, ensuring you receive the freshest and most accurate data. This meticulously compiled and organized collection makes your search as straightforward as possible. Only www.foreclosure.com offers this unparalleled, trustworthy resource, backed by our commitment to providing expert, authoritative, and up-to-date information. Visit our FAQ section to read more about the different listing types and how to purchase them.
Pros and Cons of Living in Cook County, IL
How do you know that living in—or moving to— Cook County is the right choice for you? Perhaps you grew up in Cook County or already live nearby, making the decision to buy a home here a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cook County for work or just looking for a fresh start, understanding the neighborhood from afar (online) can be challenging and exhausting.
Here are some expert tips to consider when shopping for foreclosed homes for sale in Cook County:
- Neighborhood Environment: Do you prefer a suburban, urban, or rural setting?
- Shopping and Dining: What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local), and businesses (small, big, mixed) would you like nearby?
- Leisure Activities: What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
- Commute: What type of commute (car, plane, home office) suits your lifestyle?
Creating a "Pros vs. Cons" list of what you need in a home and neighborhood is always a helpful step in making an informed decision. With expert insights and up-to-date market data from foreclosure.com, you can confidently explore the opportunities in Cook County, .
Des Plaines, IL Foreclosures
How much do homes sell for in Des Plaines, IL?
The average home price is currently $406,351.
In Des Plaines, IL, how many homes are available?
There are currently 92 active home listings available in Des Plaines.
What’s the average rental cost in Des Plaines, IL?
The average rental price in Des Plaines is $1,719.
What is the most expensive home in Des Plaines?
The most expensive home sold in Des Plaines had a price of $113,915,152.
What is currently the cheapest priced home in Des Plaines, IL?
The cheapest home for sale in Des Plaines is priced at $13,575.
Living in Des Plaines, IL
Des Plaines, Illinois, is a vibrant suburban community known for its convenient access to Chicago, attractive parks, and excellent schools. With a rich selection of dining, shopping, and recreational opportunities, it's an ideal location for families and professionals alike. The city offers a strong sense of community with numerous local events and activities.
Current Market Conditions in Des Plaines, IL
The real estate market in Des Plaines is currently witnessing an increase in demand, resulting in a competitive atmosphere for homebuyers. Homes are being sold relatively quickly, and prices have been steadily climbing due to the area's desirable amenities and proximity to Chicago. Investors are taking an interest in the residential properties, particularly in neighborhoods close to the downtown area.
The market's appeal is boosted by low interest rates and a limited inventory, prompting buyers to act quickly when a property becomes available. The ongoing development and revitalization initiatives in the area are expected to continue to drive interest, making Des Plaines a hot spot for real estate investment.
Home Value Estimator For Des Plaines, IL
There are currently 29,535 real estate properties
in Des Plaines, IL,
with a median automated valuation model (AVM) price
of $360,505.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Des Plaines, IL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Des Plaines, IL,
is $406,351.00, with the most expensive house
in Des Plaines, IL, topping out
at $113,915,152.00 and the cheapest home
in Des Plaines, IL,
clocking in at $13,575.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Des Plaines, IL!
Rent Prices
In Des Plaines, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Des Plaines, IL, is on
a rollercoaster ride. The
average rent price in Des Plaines, IL,
is $1,719.00. Indeed, when looking to rent in
Des Plaines, IL, you can expect to pay as little
as $570.00 or as much
as $3,840.00,
with the average rent median estimated to
be $1,710.00. The good news is that finding
an affordable and desirable property to rent in Des Plaines, IL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
