Third Lake, IL Foreclosures
How much do homes sell for in Third Lake, IL?
The average home price is currently $469,489.
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 $2,746,244.
What is currently the cheapest priced home in Third Lake, IL?
The cheapest home for sale in Third Lake is priced at $64,000.
Living in Third Lake, IL
Third Lake, Illinois, is a charming village that offers a blend of peaceful living and outdoor recreational activities. It features beautiful homes set against the backdrop of scenic lake landscapes. With top-rated schools and community amenities, Third Lake is an ideal place for families and individuals seeking a serene environment close to nature.
Current Market Conditions in Third Lake, IL
The real estate market in Third Lake is moderately competitive, with a balance between buyers and sellers. Homes typically appreciate at a stable rate, driven by the area's desirability due to its natural beauty and community-oriented atmosphere. There is a range of housing options, from cozy single-family homes to larger estates, appealing to various budgets and preferences.
Current trends show an increase in demand for residential properties, particularly as more people seek refuge from urban areas. The supply of homes has remained fairly constant, leading to steady price growth over the past year.
Home Value Estimator For Third Lake, IL
There are currently 450 real estate properties
in Third Lake, IL,
with a median automated valuation model (AVM) price
of $421,115.00. 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 $469,489.00, with the most expensive house
in Third Lake, IL, topping out
at $2,746,244.00 and the cheapest home
in Third Lake, IL,
clocking in at $64,000.00. 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.
Learn more on Foreclosure homes
