Lake Villa, IL Home Values & Market Trends

Real estate market trends reflect that there have been 319 transactions over the past year in Lake Villa. The median value for residential home transactions that occurred over the previous year is $283,652.66. The number of current listings in Lake Villa is 13, and the percentage of properties for sale in the city is 13.00%. Lake Villa, IL currently has 52 properties in foreclosure, 4 bank owned properties, 3 properties headed for auction, and 13 properties for sale.

Lake Villa, IL Real Estate Market Overview

ZipMedian Est. Value
60046

$ 335,519

$ 150/sqft

Housing Market Summary for Lake Villa, IL

Mar 2023February 2024Change
Median Listing Price$309.9K$287.8K-7.14%
Median Sold Price$277.2K$287.8K3.82%
Homes For Sale121416.67%
Homes Sold20924416.75%
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 Lake Villa, IL

Lake Villa home values range from $24,271 to $2,685,336. The median estimated value of a home in Lake Villa is $283,652.66. The median list price of a home is 339,000, and the total count of properties in the city is 7,349.

Foreclosure
There is 1 zips within Lake Villa, IL; within this zips, the median estimated home value for homes in foreclosure ranges from $510,500 in 60046 to the lowest value of $104,184 in 60046. Foreclosure homes account for 0.00% of properties in Lake Villa, IL with 60046 containing 84 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.61% of all residential properties in Lake Villa, IL with 60046 containing 71 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Lake Villa, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $510,500 in 60046 to the lowest home value of $104,184 in 60046.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Lake Villa, IL ranges from the highest value of $299,900 in 60046 to the lowest value of $131,330 in 60046. Bank owned homes and properties account for 0.05% of properties in Lake Villa, IL. There is 1 zips within Lake Villa, IL; 60046 containing 7 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    60046 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Lake Villa, IL. Auction homes and other auction properties account for 0.04% of all properties in Lake Villa, IL. There is 1 zips within Lake Villa, IL; of that zips, the median estimated home value for homes going to auction ranges from $453,500 in 60046 to the lowest value of $227,898 in 60046.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.18% of residential properties in Lake Villa, IL with 60046 containing 18 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Lake Villa, IL; homes for sale in that zips, have a range of median values from $443,250 in 60046 to the lowest value of $197,500 in 60046.
    Sold Homes
    The median value for recently sold homes ranges from $748,933 in 60046 to the lowest price of $28,514 in 60046. There is 1 zips within Lake Villa, IL. 60046 has 392 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.37% of properties in Lake Villa, IL.

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      Guide for Lake Villa, IL

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Wholesale
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      California
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      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      4 Tips on How To Buy a House Wholesale
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      Looking to buy a house wholesale? Discover 4 essential tips to navigate the wholesale real estate market successfully.

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      How Much Should You Spend On Your First Home?
      Home Buying Financing|posted 6 March 2024

      Learn about the key factors to consider when determining how much to spend on your first home.

      Oakland Real Estate Market Experiences Cooling Trend After 2023 Peak: Overview & Analysis
      California|posted 6 March 2024

      Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.