Lake Villa, IL Foreclosures
How much do homes sell for in Lake Villa, IL?
The average home price is currently $354,216.
In Lake Villa, IL, how many homes are available?
There are currently 268 active home listings available in Lake Villa.
What’s the average rental cost in Lake Villa, IL?
The average rental price in Lake Villa is $1,781.
What is the most expensive home in Lake Villa?
The most expensive home sold in Lake Villa had a price of $6,775,368.
What is currently the cheapest priced home in Lake Villa, IL?
The cheapest home for sale in Lake Villa is priced at $10,645.
Living in Lake Villa, IL
Lake Villa, IL is a peaceful suburban village surrounded by beautiful lakes and parks, providing a serene lifestyle with convenient access to urban amenities. It is an attractive location for families due to its excellent schools and community activities, along with a variety of outdoor recreational options. residents can enjoy a strong sense of community while being just a short drive from larger cities.
Current Market Conditions in Lake Villa, IL
The real estate market in Lake Villa has seen steady growth over the past year, with increasing demand for family-friendly homes in the area. The combination of a thriving local economy, friendly neighborhoods, and access to outdoor activities contribute to its desirability. As a result, home prices have appreciated consistently, making it a lucrative area for real estate investment.
Lake Villa's current market conditions indicate a balanced environment for buyers and sellers, with a variety of listings for different budget ranges. Homes at various price points are available, from more affordable starter homes to luxury properties along the waterfront. The inventory remains competitive, as new buyers are drawn to the area due to its lifestyle offerings and community vibe.
Home Value Estimator For Lake Villa, IL
There are currently 8,359 real estate properties
in Lake Villa, IL,
with a median automated valuation model (AVM) price
of $329,763.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lake Villa, 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 Lake Villa, IL,
is $354,216.00, with the most expensive house
in Lake Villa, IL, topping out
at $6,775,368.00 and the cheapest home
in Lake Villa, IL,
clocking in at $10,645.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lake Villa, IL!
Rent Prices
In Lake Villa, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lake Villa, IL, is on
a rollercoaster ride. The
average rent price in Lake Villa, IL,
is $1,781.00. Indeed, when looking to rent in
Lake Villa, IL, you can expect to pay as little
as $860.00 or as much
as $4,340.00,
with the average rent median estimated to
be $1,680.00. The good news is that finding
an affordable and desirable property to rent in Lake Villa, 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.
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