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Foreclosure Homes in Third Lake, IL

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Third Lake, IL Foreclosures

How much do homes sell for in Third Lake, IL?
The average home price is currently $456,320.
In Third Lake, IL, how many homes are available?
There are currently 7 active home listings available in Third Lake.
What’s the average rental cost in Third Lake, IL?
The average rental price in Third Lake is $1,990.
What is the most expensive home in Third Lake?
The most expensive home sold in Third Lake had a price of $2,612,542.
What is currently the cheapest priced home in Third Lake, IL?
The cheapest home for sale in Third Lake is priced at $95,794.

Living in Third Lake, IL

Third Lake, IL is a picturesque village offering a tranquil lifestyle with easy access to nature and community-oriented living. This area is perfect for those who enjoy outdoor activities and a close-knit community atmosphere. With its beautiful surroundings and local amenities, Third Lake continues to attract many homebuyers seeking a serene living environment.

Current Market Conditions in Third Lake, IL

The real estate market in Third Lake is characterized by a mix of single-family homes and waterfront properties, attracting a diverse range of buyers. The demand for homes has been steadily increasing, driven by the village's appealing amenities and outdoor lifestyle.

Recent trends indicate a rise in home prices as more families and individuals are seeking housing in this charming village. The competitive market offers opportunities for investors, as properties here maintain good appreciation potential.

Home Value Estimator For Third Lake, IL

There are currently 449 real estate properties in Third Lake, IL, with a median automated valuation model (AVM) price of $416,531.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Third Lake, 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 Third Lake, IL, is $456,320.00, with the most expensive house in Third Lake, IL, topping out at $2,612,542.00 and the cheapest home in Third Lake, IL, clocking in at $95,794.00. In other words, there’s something for every potential homebuyer or savvy investor in Third Lake, IL!

Rent Prices In Third Lake, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Third Lake, IL, is on a rollercoaster ride. The average rent price in Third Lake, IL, is $1,990.00. Indeed, when looking to rent in Third Lake, IL, you can expect to pay as little as $1,020.00 or as much as $3,340.00, with the average rent median estimated to be $1,930.00. The good news is that finding an affordable and desirable property to rent in Third Lake, 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.

Third Lake, IL Foreclosures

Market Trend for Third Lake, IL

Total Listings Available: 7

Market Values:

Home Prices from $95,794 to $2,612,542

Average Sales Price: $456,320

Rental Values:

Rental from $1,020 to $3,340

Average Rent Value: $1,990 / month

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