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Cheap Homes in Long Grove, IL

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Long Grove, IL Foreclosures

Current Market Conditions in in Long Grove, IL As of February 2026?
In the past month, Long Grove's real estate market has experienced a slight uptick in home sales, prompted by a surge in buyer interest due to favorable interest rates. Inventory remains tight, contributing to competitive bidding situations, especially for well-located properties. The average time on the market is decreasing, indicating strong demand and low supply.
How much do homes sell for in Long Grove, IL?
The average home price is currently $970,462.
In Long Grove, IL, how many homes are available?
There are currently 42 active home listings available in Long Grove.
What’s the average rental cost in Long Grove, IL?
The average rental price in Long Grove is $3,564.
What is the most expensive home in Long Grove?
The most expensive home sold in Long Grove had a price of $10,591,687.
What is currently the cheapest priced home in Long Grove, IL?
The cheapest home for sale in Long Grove is priced at $46,943.

Living in Long Grove, IL

Long Grove, IL, combines a serene suburban lifestyle with historical charm. Known for its beautiful landscapes and community spirit, it offers excellent schools and various recreational options. With seasonal festivities and quaint shops, Long Grove provides an enticing environment for families and individuals alike.

Buyer vs Seller Market in Long Grove, IL

The Long Grove real estate market has shown resilience and growth, with property values increasing steadily over the past year. The demand for spacious homes in this affluent suburb has attracted both new buyers and those looking to relocate from nearby urban areas.

With its scenic beauty and strong community, Long Grove has become a desirable location for families. The market continues to favor sellers due to limited inventory, making homes in the area highly sought after.

Home Value Estimator For Long Grove, IL

There are currently 2,789 real estate properties in Long Grove, IL, with a median automated valuation model (AVM) price of $934,502.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Long Grove, 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 Long Grove, IL, is $970,462.00, with the most expensive house in Long Grove, IL, topping out at $10,591,687.00 and the cheapest home in Long Grove, IL, clocking in at $46,943.00. In other words, there’s something for every potential homebuyer or savvy investor in Long Grove, IL!

Rent Prices In Long Grove, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Long Grove, IL, is on a rollercoaster ride. The average rent price in Long Grove, IL, is $3,564.00. Indeed, when looking to rent in Long Grove, IL, you can expect to pay as little as $1,130.00 or as much as $4,380.00, with the average rent median estimated to be $3,760.00. The good news is that finding an affordable and desirable property to rent in Long Grove, 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.

Cheap Homes in Long Grove, IL

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