Gurnee, IL Home Values & Market Trends

Real estate market trends reflect that there have been 515 transactions over the past year in Gurnee. The median value for residential home transactions that occurred over the previous year is $318,490.46. The number of current listings in Gurnee is 8, and the percentage of properties for sale in the city is 8.00%. Gurnee, IL currently has 18 properties in foreclosure, 5 bank owned properties, 2 properties headed for auction, and 8 properties for sale.

Gurnee, IL Real Estate Market Overview

ZipMedian Est. Value
60031

$ 341,200

$ 165/sqft

Housing Market Summary for Gurnee, IL

Mar 2023February 2024Change
Median Listing Price$429K$309K-27.96%
Median Sold Price$311.8K$309K-0.88%
Homes For Sale158-46.67%
Homes Sold394382-3.05%
Price
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Homes For Sale
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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%.

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Browse Homes in Gurnee, IL

Gurnee home values range from $27,320 to $4,311,171. The median estimated value of a home in Gurnee is $318,490.46. The median list price of a home is 357,450, and the total count of properties in the city is 12,218.

Foreclosure
There is 1 zips within Gurnee, IL; within this zips, the median estimated home value for homes in foreclosure ranges from $516,662 in 60031 to the lowest value of $153,045 in 60031. Foreclosure homes account for 0.00% of properties in Gurnee, IL with 60031 containing 18 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.09% of all residential properties in Gurnee, IL with 60031 containing 11 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 $505,750 in 60031 to the lowest home value of $189,630 in 60031.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Gurnee, IL ranges from the highest value of $516,662 in 60031 to the lowest value of $215,970 in 60031. Bank owned homes and properties account for 0.04% of properties in Gurnee, IL. There is 1 zips within Gurnee, IL; 60031 containing 5 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    60031 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 $408,250 in 60031 to the lowest value of $153,045 in 60031.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.07% of residential properties in Gurnee, IL with 60031 containing 8 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Gurnee, IL; homes for sale in that zips, have a range of median values from $469,433 in 60031 to the lowest value of $178,299 in 60031.
    Sold Homes
    The median value for recently sold homes ranges from $701,688 in 60031 to the lowest price of $65,651 in 60031. There is 1 zips within Gurnee, IL. 60031 has 371 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.04% of properties in Gurnee, IL.

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      Guide for Gurnee, IL

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Investing Strategies
      How To Decide Which Real Estate Market To Invest In
      Wholesale
      4 Tips on How To Buy a House Wholesale
      Market Reports
      Columbus Real Estate Market Grows: Values Increases 4% April 2023 to February 2024
      See More Articles
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      How To Decide Which Real Estate Market To Invest In
      Investing Strategies|posted 8 March 2024

      We list the key factors and strategies to consider when deciding which real estate market to invest in.

      4 Tips on How To Buy a House Wholesale
      Wholesale|posted 8 March 2024

      Looking to buy a house wholesale? Discover 4 essential tips to navigate the wholesale real estate market successfully.

      Columbus Real Estate Market Grows: Values Increases 4% April 2023 to February 2024
      Market Reports|posted 7 March 2024

      Columbus, Ohio, hosts a steadily growing and robust real estate market, characterized by increasing property values, a consistent number of sales, and diverse neighborhood options.

      Recently Listed Homes Gurnee, IL

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