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Short Sale Listings in Des Plaines, IL

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Living in Des Plaines, IL

Des Plaines, IL, is an inviting suburb of Chicago that offers a balanced lifestyle for its residents. With excellent schools, ample parks, and a variety of dining and shopping options, it caters to families and professionals alike. Its connectivity to the city via major highways and public transportation enhances its appeal for commuters.

Current Market Conditions in Des Plaines, IL

The current real estate market in Des Plaines is experiencing a steady growth trend, with home prices gradually increasing over the past few years. This is driven by a strong demand for single-family homes and a limited supply, making it a favorable environment for sellers.

Investors are taking notice of the potential for investment returns in Des Plaines, particularly as more families seek suburban living with access to urban amenities. The market's stability, combined with ongoing urban development projects, positions it as a promising area for future growth.

Home Value Estimator For Des Plaines, IL

There are currently 29,529 real estate properties in Des Plaines, IL, with a median automated valuation model (AVM) price of $348,540.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Des Plaines, 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 Des Plaines, IL, is $393,068.00, with the most expensive house in Des Plaines, IL, topping out at $108,134,736.00 and the cheapest home in Des Plaines, IL, clocking in at $13,575.00. In other words, there’s something for every potential homebuyer or savvy investor in Des Plaines, IL!

Rent Prices In Des Plaines, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Des Plaines, IL, is on a rollercoaster ride. The average rent price in Des Plaines, IL, is $1,718.00. Indeed, when looking to rent in Des Plaines, IL, you can expect to pay as little as $570.00 or as much as $3,840.00, with the average rent median estimated to be $1,710.00. The good news is that finding an affordable and desirable property to rent in Des Plaines, 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.

Des Plaines, IL Short Sale Listings

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