Tower Lakes, IL Foreclosures
How much do homes sell for in Tower Lakes, IL?
The average home price is currently $564,304.
In Tower Lakes, IL, how many homes are available?
There are currently 8 active home listings available in Tower Lakes.
What’s the average rental cost in Tower Lakes, IL?
The average rental price in Tower Lakes is $2,768.
What is the most expensive home in Tower Lakes?
The most expensive home sold in Tower Lakes had a price of $1,709,622.
What is currently the cheapest priced home in Tower Lakes, IL?
The cheapest home for sale in Tower Lakes is priced at $13,355.
Living in Tower Lakes, IL
Tower Lakes, IL is a charming village surrounded by beautiful lakes and lush greenery, offering its residents a peaceful lifestyle. The community is known for its excellent schools and recreational opportunities, making it an ideal place for families. With easy access to nearby areas, it combines tranquil living with convenience.
Current Market Conditions in Tower Lakes, IL
Tower Lakes has recently seen a steady increase in home values, reflecting its desirability as a residential area. The demand for homes, especially those with a lake view, has contributed to a competitive market. New buyers are particularly attracted to the area's unique charm and beautiful natural setting.
The market in Tower Lakes remains strong, with homes selling quickly and many properties receiving multiple offers. This growth is fueled by its attractive amenities, excellent schools, and the ideal balance of tranquility and accessibility.
Home Value Estimator For Tower Lakes, IL
There are currently 594 real estate properties
in Tower Lakes, IL,
with a median automated valuation model (AVM) price
of $542,940.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Tower Lakes, 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 Tower Lakes, IL,
is $564,304.00, with the most expensive house
in Tower Lakes, IL, topping out
at $1,709,622.00 and the cheapest home
in Tower Lakes, IL,
clocking in at $13,355.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Tower Lakes, IL!
Rent Prices
In Tower Lakes, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Tower Lakes, IL, is on
a rollercoaster ride. The
average rent price in Tower Lakes, IL,
is $2,768.00. Indeed, when looking to rent in
Tower Lakes, IL, you can expect to pay as little
as $1,130.00 or as much
as $5,420.00,
with the average rent median estimated to
be $2,700.00. The good news is that finding
an affordable and desirable property to rent in Tower Lakes, 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
