Gurnee, IL Home Values & Market Trends
Real estate market trends reflect that there have been 567 transactions over the past year in Gurnee. The median value for residential home transactions that occurred over the previous year is $394,402. The number of current listings in Gurnee is 476, and the percentage of properties for sale in the city is 476.00%. Gurnee, IL currently has 48 properties in foreclosure, 0 bank owned properties, 3 properties headed for auction, and 476 properties for sale.
Gurnee, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60031 | $ 394,402 $ 208/sqft |
Housing Market Summary for Gurnee, IL
| Oct 2025 | October 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $364.9K | $374.9K | 2.74% |
| Median Sold Price | $392.8K | $383.4K | -2.39% |
| Homes For Sale | 341 | 476 | 39.59% |
| Homes Sold | 256 | 263 | 2.73% |
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 $121,494 to $939,503. The median estimated value of a home in Gurnee is $394,402. The median list price of a home is 374,900, and the total count of properties in the city is 832.
- Pre-ForeclosurePre-foreclosure homes account for 5.41% of all residential properties in Gurnee, IL with 60031 containing 45 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 $633,774 in 60031 to the lowest home value of $232,787 in 60031.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Gurnee, IL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Gurnee, IL. There is 1 zips within Gurnee, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60031 has 3 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 0.36% 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 $424,888 in 60031 to the lowest value of $200,329 in 60031.
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Guide for Gurnee, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
