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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 $240,432.
In Loves Park, IL, how many homes are available?
There are currently 217 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 $16,951,138.
What is currently the cheapest priced home in Loves Park, IL?
The cheapest home for sale in Loves Park is priced at $11,659.

Living in Loves Park, IL

Loves Park, IL is a picturesque suburb known for its family-friendly environment, excellent schools, and ample recreational opportunities. It boasts a vibrant community with parks, trails, and a variety of local amenities, making it an appealing place for families and professionals alike. With quick access to Rockford, Loves Park combines suburban comfort with city conveniences.

Current Market Conditions in Loves Park, IL

Loves Park's real estate market has demonstrated stable growth over the past few years. Home values have seen a modest increase, reflecting steady demand for housing in the area. With a diverse selection of property types available, there is something to meet the needs of first-time buyers and seasoned investors alike.

In recent months, there has been a noticeable uptick in buyer interest, likely influenced by the positive local economy and the appeal of suburban living. Homes in Loves Park often sell quickly, suggesting a competitive market for prospective buyers.

Home Value Estimator For Loves Park, IL

There are currently 8,407 real estate properties in Loves Park, IL, with a median automated valuation model (AVM) price of $194,025.00. 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 $240,432.00, with the most expensive house in Loves Park, IL, topping out at $16,951,138.00 and the cheapest home in Loves Park, IL, clocking in at $11,659.00. 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: 217

Market Values:

Home Prices from $11,659 to $16,951,138

Average Sales Price: $240,432

Rental Values:

Rental from $580 to $2,600

Average Rent Value: $1,183 / month

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