Arlington Heights, IL Foreclosures
How much do homes sell for in Arlington Heights, IL?
The average home price is currently $519,248.
In Arlington Heights, IL, how many homes are available?
There are currently 11,244 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 $79,881,888.
What is currently the cheapest priced home in Arlington Heights, IL?
The cheapest home for sale in Arlington Heights is priced at $12,423.
Living in Arlington Heights, IL
Arlington Heights is a vibrant suburban community located just northwest of Chicago, known for its excellent schools, beautiful parks, and bustling downtown area. This charming town offers a variety of recreational activities, dining options, and shopping experiences, catering to families and professionals alike. With a strong sense of community and a commitment to quality living, Arlington Heights is an attractive location for homebuyers seeking suburban serenity with urban conveniences.
Current Market Conditions in Arlington Heights, IL
The Arlington Heights real estate market has shown resilience and steady growth, with a substantial increase in home values over the past year. This trend is largely attributed to the area's desirable location, quality schools, and robust community amenities that continue to attract buyers. As more people seek suburban environments post-pandemic, the demand for homes in Arlington Heights has remained strong, contributing to a competitive market.
Currently, the market is witnessing a shortage of available inventory, leading to multiple offers on well-priced homes. Buyers are faced with challenges due to limited options, so homes are selling more quickly compared to previous years, often above the asking price.
Home Value Estimator For Arlington Heights, IL
There are currently 29,469 real estate properties
in Arlington Heights, IL,
with a median automated valuation model (AVM) price
of $480,541.00. 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 $519,248.00, with the most expensive house
in Arlington Heights, IL, topping out
at $79,881,888.00 and the cheapest home
in Arlington Heights, IL,
clocking in at $12,423.00. 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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