Arlington Heights, IL Foreclosures
How much do homes sell for in Arlington Heights, IL?
The average home price is currently $517,586.
In Arlington Heights, IL, how many homes are available?
There are currently 4 active home listings available in Arlington Heights.
What’s the average rental cost in Arlington Heights, IL?
The average rental price in Arlington Heights is $2,086.
What is the most expensive home in Arlington Heights?
The most expensive home sold in Arlington Heights had a price of $79,710,308.
What is currently the cheapest priced home in Arlington Heights, IL?
The cheapest home for sale in Arlington Heights is priced at $12,340.
Living in Arlington Heights, IL
Arlington Heights, IL, is a charming suburban community known for its excellent schools, rich amenities, and a strong sense of community spirit. Located just 25 miles northwest of Chicago, it's a fantastic blend of suburban convenience and quick city access. With a variety of parks, recreational activities, and events throughout the year, it's an ideal place for families and young professionals.
Current Market Conditions in Arlington Heights, IL
Currently, the Arlington Heights real estate market is experiencing a steady demand with a healthy balance of buyers and sellers. Homes are selling relatively quickly, although inventory remains limited, particularly for single-family homes. The presence of quality schools and amenities continues to attract both families and individuals to the area, maintaining a competitive market.
In recent months, there has been a noticeable uptick in home renovations and updates, as many buyers are looking for move-in ready homes but are also willing to invest in properties needing some work. With interest rates fluctuating, potential homeowners are becoming more cautious yet remain active in their search, eager to capitalize on the suburban lifestyle that Arlington Heights offers.
Home Value Estimator For Arlington Heights, IL
There are currently 29,492 real estate properties
in Arlington Heights, IL,
with a median automated valuation model (AVM) price
of $482,864.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Arlington Heights, 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 Arlington Heights, IL,
is $517,586.00, with the most expensive house
in Arlington Heights, IL, topping out
at $79,710,308.00 and the cheapest home
in Arlington Heights, IL,
clocking in at $12,340.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Arlington Heights, IL!
Rent Prices
In Arlington Heights, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Arlington Heights, IL, is on
a rollercoaster ride. The
average rent price in Arlington Heights, IL,
is $2,086.00. Indeed, when looking to rent in
Arlington Heights, IL, you can expect to pay as little
as $810.00 or as much
as $4,380.00,
with the average rent median estimated to
be $2,130.00. The good news is that finding
an affordable and desirable property to rent in Arlington Heights, 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.
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