Vernon Hills, IL Home Values & Market Trends
Real estate market trends reflect that there have been 407 transactions over the past year in Vernon Hills. The median value for residential home transactions that occurred over the previous year is $407,809.23. The number of current listings in Vernon Hills is 12, and the percentage of properties for sale in the city is 12.00%. Vernon Hills, IL currently has 20 properties in foreclosure, 2 bank owned properties, 1 properties headed for auction, and 12 properties for sale.
Vernon Hills, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60061 | $ 241,642 $ 187/sqft |
Housing Market Summary for Vernon Hills, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $289.9K | $386.8K | 33.42% |
| Median Sold Price | $372.3K | $386.8K | 3.90% |
| Homes For Sale | 9 | 10 | 11.11% |
| Homes Sold | 231 | 201 | -12.99% |
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 Vernon Hills, IL
Browse Homes in Vernon Hills, IL
Vernon Hills home values range from $45,517 to $3,658,576. The median estimated value of a home in Vernon Hills is $407,809.23. The median list price of a home is 229,450, and the total count of properties in the city is 8,902.
- Pre-ForeclosurePre-foreclosure homes account for 0.19% of all residential properties in Vernon Hills, IL with 60061 containing 17 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Vernon Hills, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $752,590 in 60061 to the lowest home value of $138,818 in 60061.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Vernon Hills, IL ranges from the highest value of $561,805 in 60061 to the lowest value of $259,900 in 60061. Bank owned homes and properties account for 0.02% of properties in Vernon Hills, IL. There is 1 zips within Vernon Hills, IL; 60061 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60061 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Vernon Hills, IL. Auction homes and other auction properties account for 0.01% of all properties in Vernon Hills, IL. There is 1 zips within Vernon Hills, IL; of that zips, the median estimated home value for homes going to auction ranges from $551,871 in 60061 to the lowest value of $551,871 in 60061.
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