Crystal Lake, IL Foreclosures
How much do homes sell for in Crystal Lake, IL?
The average home price is currently $426,450.
In Crystal Lake, IL, how many homes are available?
There are currently 397 active home listings available in Crystal Lake.
What’s the average rental cost in Crystal Lake, IL?
The average rental price in Crystal Lake is $1,822.
What is the most expensive home in Crystal Lake?
The most expensive home sold in Crystal Lake had a price of $44,952,320.
What is currently the cheapest priced home in Crystal Lake, IL?
The cheapest home for sale in Crystal Lake is priced at $12,449.
Living in Crystal Lake, IL
Crystal Lake, located in the northwest suburbs of Chicago, is a vibrant community known for its picturesque lake and charming downtown area. The city offers a mix of suburban amenities and natural beauty, making it a sought-after place to live. With its excellent schools, recreational opportunities, and family-friendly atmosphere, Crystal Lake is ideal for those looking for a welcoming environment close to urban conveniences.
Current Market Conditions in Crystal Lake, IL
The real estate market in Crystal Lake remains competitive, characterized by a steady demand for homes and limited inventory. Prices have seen a gradual increase as more families look to settle in the area, driven by its quality schools and family-friendly amenities. The community's attractive lifestyle and proximity to Chicago continue to bolster interest in home buying, resulting in a market favorable to sellers.
In recent months, there has been a noticeable uptick in new developments, with builders responding to the steady demand for housing. However, the rise in interest rates has caused some potential buyers to delay purchases, creating a slight cooling effect in the market. Overall, the market remains healthy with opportunities for both buyers and sellers.
Home Value Estimator For Crystal Lake, IL
There are currently 20,105 real estate properties
in Crystal Lake, IL,
with a median automated valuation model (AVM) price
of $372,501.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Crystal Lake, 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 Crystal Lake, IL,
is $426,450.00, with the most expensive house
in Crystal Lake, IL, topping out
at $44,952,320.00 and the cheapest home
in Crystal Lake, IL,
clocking in at $12,449.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Crystal Lake, IL!
Rent Prices
In Crystal Lake, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Crystal Lake, IL, is on
a rollercoaster ride. The
average rent price in Crystal Lake, IL,
is $1,822.00. Indeed, when looking to rent in
Crystal Lake, IL, you can expect to pay as little
as $700.00 or as much
as $4,400.00,
with the average rent median estimated to
be $1,750.00. The good news is that finding
an affordable and desirable property to rent in Crystal Lake, 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
