Gages Lake, IL Foreclosures
How much do homes sell for in Gages Lake, IL?
The average home price is currently $549,003.
In Gages Lake, IL, how many homes are available?
There are currently 4 active home listings available in Gages Lake.
What’s the average rental cost in Gages Lake, IL?
The average rental price in Gages Lake is $1,643.
What is the most expensive home in Gages Lake?
The most expensive home sold in Gages Lake had a price of $3,842,600.
What is currently the cheapest priced home in Gages Lake, IL?
The cheapest home for sale in Gages Lake is priced at $135,000.
Living in Gages Lake, IL
Gages Lake, located in Illinois, is a peaceful and family-friendly community offering a wonderful mix of suburban living with natural beauty. Residents can enjoy a variety of outdoor activities, excellent schools, and convenient access to local shopping and dining. Its proximity to Chicago makes it an appealing choice for those seeking quiet living while still being close to urban amenities.
Current Market Conditions in Gages Lake, IL
The current real estate market in Gages Lake is experiencing steady growth, with increasing demand for homes as more people seek out suburban living options. Prices are rising modestly, and homes are selling at a competitive rate, indicating a healthy market environment. Buyers are particularly interested in homes with outdoor spaces and modern amenities, reflecting lifestyle preferences post-pandemic.
Properties in Gages Lake have shown resilient appreciation over the last few years, attracting both first-time homebuyers and those looking for larger family homes. The market is typified by a mix of single-family homes and townhouses, with families drawn to the area's good schools and recreational opportunities.
Home Value Estimator For Gages Lake, IL
There are currently 13 real estate properties
in Gages Lake, IL,
with a median automated valuation model (AVM) price
of $273,076.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Gages 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 Gages Lake, IL,
is $549,003.00, with the most expensive house
in Gages Lake, IL, topping out
at $3,842,600.00 and the cheapest home
in Gages Lake, IL,
clocking in at $135,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Gages Lake, IL!
Rent Prices
In Gages Lake, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Gages Lake, IL, is on
a rollercoaster ride. The
average rent price in Gages Lake, IL,
is $1,643.00. Indeed, when looking to rent in
Gages Lake, IL, you can expect to pay as little
as $1,270.00 or as much
as $2,300.00,
with the average rent median estimated to
be $1,340.00. The good news is that finding
an affordable and desirable property to rent in Gages 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
