River Grove, IL Foreclosures
How much do homes sell for in River Grove, IL?
The average home price is currently $348,117.
In River Grove, IL, how many homes are available?
There are currently 12,092 active home listings available in River Grove.
What’s the average rental cost in River Grove, IL?
The average rental price in River Grove is $1,648.
What is the most expensive home in River Grove?
The most expensive home sold in River Grove had a price of $35,775,352.
What is currently the cheapest priced home in River Grove, IL?
The cheapest home for sale in River Grove is priced at $18,319.
Living in River Grove, IL
River Grove, IL is a charming suburb located just minutes from Chicago, featuring a friendly community atmosphere and access to beautiful outdoor spaces. With a good selection of schools, parks, and restaurants, it offers a perfect blend of suburban tranquility and urban convenience. River Grove is an ideal choice for families and those who appreciate a relaxed lifestyle with amenities close at hand.
Current Market Conditions in River Grove, IL
In the last year, River Grove's real estate market has shown a moderate increase in home values, reflecting a broader trend seen throughout many suburban areas surrounding Chicago. The area has become increasingly popular due to its convenient location, affordability compared to the city, and excellent community resources, including parks and schools. The inventory of homes for sale has decreased slightly, indicating a demand that outpaces supply, which bodes well for current homeowners looking to sell and for potential investors.
As of late 2023, the real estate market in River Grove has maintained a balanced competition among buyers and sellers. Some homes receive multiple offers, especially those with updated features and good locations near amenities. The market remains vibrant, with many families seeking residence in the area given its quality of life and community spirit.
Home Value Estimator For River Grove, IL
There are currently 3,300 real estate properties
in River Grove, IL,
with a median automated valuation model (AVM) price
of $321,800.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in River 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 River Grove, IL,
is $348,117.00, with the most expensive house
in River Grove, IL, topping out
at $35,775,352.00 and the cheapest home
in River Grove, IL,
clocking in at $18,319.00. In other words, there’s
something for every potential homebuyer
or savvy investor in River Grove, IL!
Rent Prices
In River Grove, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in River Grove, IL, is on
a rollercoaster ride. The
average rent price in River Grove, IL,
is $1,648.00. Indeed, when looking to rent in
River Grove, IL, you can expect to pay as little
as $1,000.00 or as much
as $2,600.00,
with the average rent median estimated to
be $1,710.00. The good news is that finding
an affordable and desirable property to rent in River 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
