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Preforeclosure 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 $472,934.
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 $2,756,164.
What is currently the cheapest priced home in Third Lake, IL?
The cheapest home for sale in Third Lake is priced at $63,600.

Living in Third Lake, IL

Third Lake, Illinois, is a charming village characterized by its serene lakes and inviting community vibe. ideal for outdoor enthusiasts, it provides various parks and recreational activities. The strong emphasis on family-friendly amenities and quality education makes it a desirable location.

Current Market Conditions in Third Lake, IL

Third Lake real estate has observed a stable market with demand remaining consistent due to the area's appeal as a quiet suburban community. The existing inventory remains competitive, attracting buyers looking for single-family homes near nature and good schools.

A steady increase in home values has been reported, indicating a growing interest and desirability in living in Third Lake. The market is further supported by its proximity to major commuter routes, making it an ideal spot for those working in nearby cities.

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 $424,110.00. 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 $472,934.00, with the most expensive house in Third Lake, IL, topping out at $2,756,164.00 and the cheapest home in Third Lake, IL, clocking in at $63,600.00. 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 Preforeclosure Homes


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