Long Grove, IL Foreclosures
Current Market Conditions in in Long Grove, IL As of January 2026?
Over the past month, the Long Grove real estate market has shown a slight uptick in activity, with an increase in home sales compared to previous months. Inventory levels remain low, which continues to create a favorable environment for sellers. The average days on the market have decreased as buyers are eager to capitalize on available properties before they are sold. However, the rise in interest rates has led to cautious buying behavior among some prospective homeowners, resulting in varying price negotiations.
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 6 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 is a quaint village known for its rich history, beautiful landscape, and community-oriented lifestyle. It features a charming downtown area filled with local shops and restaurants, extensive parklands, and top-rated educational institutions. Residents enjoy a peaceful suburban atmosphere with easy access to nearby urban amenities.
Buyer vs Seller Market in Long Grove, IL
The real estate market in Long Grove is experiencing steady demand due to its desirable location and excellent schools. Homes in this area tend to sell quickly, often with multiple offers. Buyers appreciate the spacious lots, mature trees, and overall ambiance of the community. As a result, property values have been on the rise, making it a sound investment for families and individuals alike.
Long Grove's housing market has remained resilient over the last few months. The average sale price for homes has increased, and new developments are being considered to accommodate the growing population. However, inventory levels are relatively low, which could lead to continued competition among buyers, further driving up prices.
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.
Learn more on Foreclosure homes
