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Foreclosure Homes in Loves Park, IL

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Loves Park, IL Foreclosures

How much do homes sell for in Loves Park, IL?
The average home price is currently $241,077.
In Loves Park, IL, how many homes are available?
There are currently 210 active home listings available in Loves Park.
What’s the average rental cost in Loves Park, IL?
The average rental price in Loves Park is $1,183.
What is the most expensive home in Loves Park?
The most expensive home sold in Loves Park had a price of $16,858,124.
What is currently the cheapest priced home in Loves Park, IL?
The cheapest home for sale in Loves Park is priced at $15,348.

Living in Loves Park, IL

Loves Park, IL, is a vibrant suburban community situated near Rockford, combining the tranquility of residential life with easy access to urban amenities. It features beautiful parks, quality schools, and a strong community spirit, making it an appealing choice for families and individuals alike.

Current Market Conditions in Loves Park, IL

The real estate market in Loves Park is currently experiencing a steady growth trend, with an increase in property values and heightened buyer interest. Homes are selling faster than in previous years, indicating a favorable market for sellers, while buyers are encouraged to act quickly amidst rising demand.

There is a diverse range of housing options in Loves Park, from quaint single-family homes to modern townhouses, attracting a range of buyers from first-time homeowners to those looking to downsize. The area's affordability compared to surrounding communities makes it particularly appealing.

Home Value Estimator For Loves Park, IL

There are currently 8,467 real estate properties in Loves Park, IL, with a median automated valuation model (AVM) price of $192,108.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Loves Park, 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 Loves Park, IL, is $241,077.00, with the most expensive house in Loves Park, IL, topping out at $16,858,124.00 and the cheapest home in Loves Park, IL, clocking in at $15,348.00. In other words, there’s something for every potential homebuyer or savvy investor in Loves Park, IL!

Rent Prices In Loves Park, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Loves Park, IL, is on a rollercoaster ride. The average rent price in Loves Park, IL, is $1,183.00. Indeed, when looking to rent in Loves Park, IL, you can expect to pay as little as $580.00 or as much as $2,600.00, with the average rent median estimated to be $1,110.00. The good news is that finding an affordable and desirable property to rent in Loves Park, 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.

Loves Park, IL Foreclosures


Market Trend for Loves Park, IL

Total Listings Available: 210

Market Values:

Home Prices from $15,348 to $16,858,124

Average Sales Price: $241,077

Rental Values:

Rental from $580 to $2,600

Average Rent Value: $1,183 / month

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