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Foreclosure Homes in Harvey, IL

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Harvey, IL Foreclosures

Current Market Conditions in in Harvey, IL As of March 2026?
In the past month, the Harvey real estate market has experienced an uptick in buyer activity, particularly among first-time homebuyers who are attracted by the reasonable prices in the area. Listings have begun to move quicker, indicating a potential shift toward a more competitive market as interest rates stabilize. As more buyers recognize the value of living in Harvey, we expect to see prices steadily graduate into more marketable ranges as inventory levels also stabilize. Investors are beginning to acquire rental properties, taking advantage of the burgeoning demand for affordable housing.
How much do homes sell for in Harvey, IL?
The average home price is currently $119,236.
In Harvey, IL, how many homes are available?
There are currently 873 active home listings available in Harvey.
What’s the average rental cost in Harvey, IL?
The average rental price in Harvey is $1,235.
What is the most expensive home in Harvey?
The most expensive home sold in Harvey had a price of $5,385,223.
What is currently the cheapest priced home in Harvey, IL?
The cheapest home for sale in Harvey is priced at $10,013.

Living in Harvey, IL

Harvey, IL, is a suburban community known for its rich history and diverse population. With its affordable housing market, ample amenities, and proximity to Chicago, it offers a unique living experience for families and young professionals alike. The local parks and community activities ensure a connected and vibrant atmosphere.

Buyer vs Seller Market in Harvey, IL

The real estate market in Harvey has shown resilience over the past year, with steady demand for affordable housing options attracting homebuyers looking for value. While prices are generally lower than in nearby areas, homes in Harvey are seeing increased interest, especially among first-time buyers and investors.

Recent developments and renovations in the area have led to revitalized neighborhoods, influencing prices positively. The community's focus on growth and improvement has resulted in a more attractive market for investors looking to capitalize on the increasing demand for affordable homes.

Home Value Estimator For Harvey, IL

There are currently 8,899 real estate properties in Harvey, IL, with a median automated valuation model (AVM) price of $107,079.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Harvey, 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 Harvey, IL, is $119,236.00, with the most expensive house in Harvey, IL, topping out at $5,385,223.00 and the cheapest home in Harvey, IL, clocking in at $10,013.00. In other words, there’s something for every potential homebuyer or savvy investor in Harvey, IL!

Rent Prices In Harvey, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Harvey, IL, is on a rollercoaster ride. The average rent price in Harvey, IL, is $1,235.00. Indeed, when looking to rent in Harvey, IL, you can expect to pay as little as $750.00 or as much as $3,000.00, with the average rent median estimated to be $1,180.00. The good news is that finding an affordable and desirable property to rent in Harvey, 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.

Harvey, IL Foreclosures

Market Trend for Harvey, IL

Total Listings Available: 873

Market Values:

Home Prices from $10,013 to $5,385,223

Average Sales Price: $119,236

Rental Values:

Rental from $750 to $3,000

Average Rent Value: $1,235 / month

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