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Foreclosure Homes in Morton Grove, IL 60053

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Morton Grove, IL Foreclosures

Current Market Conditions in in Morton Grove, IL As of February 2026?
Over the last month, Morton Grove has seen an uptick in home sales and an increase in median home prices. This trend reflects the ongoing demand for residential properties in the area as families seek out the suburban lifestyle combined with easy access to the city. The market remains competitive, with sellers receiving multiple offers on well-priced homes.
How much do homes sell for in Morton Grove, IL?
The average home price is currently $469,071.
In Morton Grove, IL, how many homes are available?
There are currently 69 active home listings available in Morton Grove.
What’s the average rental cost in Morton Grove, IL?
The average rental price in Morton Grove is $2,209.
What is the most expensive home in Morton Grove?
The most expensive home sold in Morton Grove had a price of $19,726,717.
What is currently the cheapest priced home in Morton Grove, IL?
The cheapest home for sale in Morton Grove is priced at $12,438.

Living in Morton Grove, IL

Morton Grove, located just north of Chicago, is a vibrant suburb known for its excellent schools and community-oriented atmosphere. Residents enjoy a variety of parks and recreational activities, alongside a selection of shops and restaurants. With great transportation links to Chicago, Morton Grove presents the perfect blend of suburban living and city accessibility.

Buyer vs Seller Market in Morton Grove, IL

The real estate market in Morton Grove is currently experiencing moderate growth, characterized by a steady increase in home prices and demand for properties. The area is attracting both first-time homebuyers and families looking to upgrade to larger homes, contributing to a competitive market.

Recent trends suggest a rising interest in Morton Grove due to its proximity to Chicago and the quality of life it offers. The inventory of homes remains relatively low, which is driving prices upward and leading to faster sales.

Home Value Estimator For Morton Grove, IL

There are currently 10,060 real estate properties in Morton Grove, IL, with a median automated valuation model (AVM) price of $439,611.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Morton 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 Morton Grove, IL, is $469,071.00, with the most expensive house in Morton Grove, IL, topping out at $19,726,717.00 and the cheapest home in Morton Grove, IL, clocking in at $12,438.00. In other words, there’s something for every potential homebuyer or savvy investor in Morton Grove, IL!

Rent Prices In Morton Grove, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Morton Grove, IL, is on a rollercoaster ride. The average rent price in Morton Grove, IL, is $2,209.00. Indeed, when looking to rent in Morton Grove, IL, you can expect to pay as little as $1,140.00 or as much as $4,320.00, with the average rent median estimated to be $2,110.00. The good news is that finding an affordable and desirable property to rent in Morton 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.

Morton Grove, IL 60053 Foreclosures

Market Trend for Morton Grove, IL

Total Listings Available: 69

Market Values:

Home Prices from $12,438 to $19,726,717

Average Sales Price: $469,071

Rental Values:

Rental from $1,140 to $4,320

Average Rent Value: $2,209 / month

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