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 1 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, .
Evanston, IL Foreclosures
How much do homes sell for in Evanston, IL?
The average home price is currently $639,450.
In Evanston, IL, how many homes are available?
There are currently 1 active home listings available in Evanston.
What’s the average rental cost in Evanston, IL?
The average rental price in Evanston is $2,312.
What is the most expensive home in Evanston?
The most expensive home sold in Evanston had a price of $59,774,532.
What is currently the cheapest priced home in Evanston, IL?
The cheapest home for sale in Evanston is priced at $10,461.
Living in Evanston, IL
Evanston, IL, is a charming lakeside city that blends history with modern living. Known for its educational opportunities, including Northwestern University, and a rich cultural scene, Evanston offers ample recreational activities along the lakefront. With its strong community vibe, parks, and diverse amenities, it is a desirable place to live.
Current Market Conditions in Evanston, IL
The Evanston real estate market is currently experiencing a steady increase in home values, as demand continues to rise while inventory remains relatively low. This trend is particularly evident in neighborhoods close to the lake, where properties are in high demand due to the appealing lifestyle offered by the waterfront. Many buyers are also attracted by the excellent school districts, making it a favorable option for families.
With the ongoing interest from first-time homebuyers and those looking to invest, Evanston is witnessing a shift towards a more competitive market. Properties are moving quickly, often above asking price, reflecting the desirability of the area.
Home Value Estimator For Evanston, IL
There are currently 25,229 real estate properties
in Evanston, IL,
with a median automated valuation model (AVM) price
of $493,000.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Evanston, 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 Evanston, IL,
is $639,450.00, with the most expensive house
in Evanston, IL, topping out
at $59,774,532.00 and the cheapest home
in Evanston, IL,
clocking in at $10,461.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Evanston, IL!
Rent Prices
In Evanston, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Evanston, IL, is on
a rollercoaster ride. The
average rent price in Evanston, IL,
is $2,312.00. Indeed, when looking to rent in
Evanston, IL, you can expect to pay as little
as $570.00 or as much
as $4,720.00,
with the average rent median estimated to
be $2,280.00. The good news is that finding
an affordable and desirable property to rent in Evanston, 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
