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Preforeclosure Homes in Mundelein, IL

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Mundelein, IL Foreclosures

How much do homes sell for in Mundelein, IL?
The average home price is currently $441,470.
In Mundelein, IL, how many homes are available?
There are currently 31 active home listings available in Mundelein.
What’s the average rental cost in Mundelein, IL?
The average rental price in Mundelein is $1,946.
What is the most expensive home in Mundelein?
The most expensive home sold in Mundelein had a price of $23,699,048.
What is currently the cheapest priced home in Mundelein, IL?
The cheapest home for sale in Mundelein is priced at $15,335.

Living in Mundelein, IL

Mundelein, Illinois is a welcoming suburban village nestled in Lake County. Known for its excellent schools and family-oriented environment, it features beautiful parks and outdoor spaces. Residents enjoy convenient access to shopping, dining, and entertainment options, coupled with a strong sense of community spirit.

Current Market Conditions in Mundelein, IL

The real estate market in Mundelein has demonstrated consistent growth, with a steady increase in home values and a high demand for housing. This trend is fueled by the area's appeal as a desirable place to live, particularly for families and professionals seeking proximity to Chicago while enjoying suburban life.

Currently, inventory levels remain low, leading to competitive bidding situations and quick sales. Homes are often receiving multiple offers, especially those in prime locations close to schools and amenities.

Home Value Estimator For Mundelein, IL

There are currently 12,719 real estate properties in Mundelein, IL, with a median automated valuation model (AVM) price of $365,692.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mundelein, 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 Mundelein, IL, is $441,470.00, with the most expensive house in Mundelein, IL, topping out at $23,699,048.00 and the cheapest home in Mundelein, IL, clocking in at $15,335.00. In other words, there’s something for every potential homebuyer or savvy investor in Mundelein, IL!

Rent Prices In Mundelein, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mundelein, IL, is on a rollercoaster ride. The average rent price in Mundelein, IL, is $1,946.00. Indeed, when looking to rent in Mundelein, IL, you can expect to pay as little as $820.00 or as much as $4,140.00, with the average rent median estimated to be $1,800.00. The good news is that finding an affordable and desirable property to rent in Mundelein, 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.

Mundelein, IL Preforeclosure Homes


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