Waukegan, IL Foreclosures
How much do homes sell for in Waukegan, IL?
The average home price is currently $286,237.
In Waukegan, IL, how many homes are available?
There are currently 899 active home listings available in Waukegan.
What’s the average rental cost in Waukegan, IL?
The average rental price in Waukegan is $1,267.
What is the most expensive home in Waukegan?
The most expensive home sold in Waukegan had a price of $65,151,616.
What is currently the cheapest priced home in Waukegan, IL?
The cheapest home for sale in Waukegan is priced at $10,121.
Living in Waukegan, IL
Waukegan, located on the shores of Lake Michigan, offers a vibrant mix of urban amenities and natural beauty. With close proximity to Chicago, it provides easy access to metropolitan attractions while maintaining a small-town feel. The city features a diverse community, rich historical roots, and recreational opportunities for all ages.
Current Market Conditions in Waukegan, IL
The current real estate market in Waukegan, IL is characterized by a steady increase in property values, largely driven by the city's ongoing development projects and community improvements. The demand for housing remains high, as the area appeals to first-time homebuyers and investors alike. Listings are moving quickly, indicating a competitive market which can lead to multi-offer situations.
In recent months, there has been a notable uptick in new construction homes and renovations of older properties, which speaks to the confidence in Waukegan's long-term growth potential. As the city's infrastructure improves, alongside amenities like restaurants and recreational spaces, the residential appeal continues to increase.
Home Value Estimator For Waukegan, IL
There are currently 19,439 real estate properties
in Waukegan, IL,
with a median automated valuation model (AVM) price
of $234,358.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Waukegan, 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 Waukegan, IL,
is $286,237.00, with the most expensive house
in Waukegan, IL, topping out
at $65,151,616.00 and the cheapest home
in Waukegan, IL,
clocking in at $10,121.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Waukegan, IL!
Rent Prices
In Waukegan, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Waukegan, IL, is on
a rollercoaster ride. The
average rent price in Waukegan, IL,
is $1,267.00. Indeed, when looking to rent in
Waukegan, IL, you can expect to pay as little
as $580.00 or as much
as $4,320.00,
with the average rent median estimated to
be $1,250.00. The good news is that finding
an affordable and desirable property to rent in Waukegan, 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
