Foreclosures in Gurnee, IL

Current Market Conditions in Gurnee, IL

The Gurnee real estate market has seen a steady increase in home values over the past quarter, fueled by a surge in demand for suburban living. Buyers are attracted by the strong school systems and community amenities, leading to increased competition and shorter time listings remain on the market.

Interest rates have begun to stabilize, which has encouraged more first-time homebuyers to enter the market. The ongoing demand paired with limited inventory has resulted in homes selling quickly, often above listing price.

Rent Prices In Gurnee, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gurnee, IL, is on a rollercoaster ride. The average rent price in Gurnee, IL, is $1,907.00. Indeed, when looking to rent in Gurnee, IL, you can expect to pay as little as $850.00 or as much as $4,380.00, with the average rent median estimated to be $1,840.00. The good news is that finding an affordable and desirable property to rent in Gurnee, 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.