Gurnee, IL Home Values & Market Trends
Real estate market trends reflect that there have been 498 transactions over the past year in Gurnee. The median value for residential home transactions that occurred over the previous year is $343,876.65. The number of current listings in Gurnee is 16, and the percentage of properties for sale in the city is 16.00%. Gurnee, IL currently has 48 properties in foreclosure, 3 bank owned properties, 2 properties headed for auction, and 16 properties for sale.
Gurnee, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60031 | $ 475,784 $ 154/sqft |
Housing Market Summary for Gurnee, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $459.4K | $305.4K | -33.52% |
| Median Sold Price | $315K | $305.4K | -3.04% |
| Homes For Sale | 12 | 11 | -8.33% |
| Homes Sold | 350 | 229 | -34.57% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Gurnee, IL
Browse Homes in Gurnee, IL
Gurnee home values range from $30,322 to $4,334,815. The median estimated value of a home in Gurnee is $343,876.65. The median list price of a home is 460,000, and the total count of properties in the city is 12,218.
- Pre-ForeclosurePre-foreclosure homes account for 0.35% of all residential properties in Gurnee, IL with 60031 containing 43 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Gurnee, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,013,994 in 60031 to the lowest home value of $206,078 in 60031.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Gurnee, IL ranges from the highest value of $339,500 in 60031 to the lowest value of $128,100 in 60031. Bank owned homes and properties account for 0.02% of properties in Gurnee, IL. There is 1 zips within Gurnee, IL; 60031 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60031 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Gurnee, IL. Auction homes and other auction properties account for 0.02% of all properties in Gurnee, IL. There is 1 zips within Gurnee, IL; of that zips, the median estimated home value for homes going to auction ranges from $345,991 in 60031 to the lowest value of $218,380 in 60031.
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