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 59 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 $638,550.
In Evanston, IL, how many homes are available?
There are currently 59 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 $59,999,138.
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 and diverse suburban city that seamlessly blends urban convenience with natural beauty, situated on the shores of Lake Michigan just north of Chicago. It is known for its excellent schools, thriving cultural scene, and strong sense of community, making it a great place for families and professionals alike. With ample recreational activities, dining options, and easy transportation access to downtown Chicago, Evanston perfectly serves those seeking modern amenities within a picturesque environment.
Current Market Conditions in Evanston, IL
Evanston's real estate market has shown a steady increase in property values over the past year, driven by high demand for homes and limited inventory. The market remains competitive, particularly for single-family homes, with buyers often facing bidding wars due to the desirable location and amenities.
Investors are increasingly looking to Evanston due to its close proximity to Chicago and the presence of a major university. The rental market is also robust, catering to students and young professionals. Overall, the trends indicate a healthy market with positive appreciation in property values.
Home Value Estimator For Evanston, IL
There are currently 25,221 real estate properties
in Evanston, IL,
with a median automated valuation model (AVM) price
of $491,618.00. 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 $638,550.00, with the most expensive house
in Evanston, IL, topping out
at $59,999,138.00 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
