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As-is Deals in Waukegan, IL

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Waukegan, IL Foreclosures

How much do homes sell for in Waukegan, IL?
The average home price is currently $287,444.
In Waukegan, IL, how many homes are available?
There are currently 915 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 $64,431,196.
What is currently the cheapest priced home in Waukegan, IL?
The cheapest home for sale in Waukegan is priced at $10,158.

Living in Waukegan, IL

Waukegan, Illinois, is a bustling lakeside city with a rich cultural scene and numerous amenities. It offers beautiful parks along Lake Michigan, vibrant community events, and easy access to transportation hubs. Residents enjoy a diverse range of dining and entertainment options, making it an attractive place to live and work.

Current Market Conditions in Waukegan, IL

The real estate market in Waukegan is currently experiencing a trend of moderate appreciation, with home prices steadily increasing due to limited inventory and high demand. Prospective buyers are finding opportunities in both single-family homes and condos, particularly in neighborhoods close to the lake.

There has been a noticeable uptick in new construction and renovation projects aimed at revitalizing the area. These developments are attracting both first-time homebuyers and investors, contributing to a dynamic housing market.

Month-to-month fluctuations show that properties are selling quicker than last year, making it an attractive option for those looking to invest in real estate.

Home Value Estimator For Waukegan, IL

There are currently 19,431 real estate properties in Waukegan, IL, with a median automated valuation model (AVM) price of $234,275.00. 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 $287,444.00, with the most expensive house in Waukegan, IL, topping out at $64,431,196.00 and the cheapest home in Waukegan, IL, clocking in at $10,158.00. 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.

Waukegan, IL As-is Deals

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