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Foreclosure Homes in Waukegan, IL

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Waukegan, IL Foreclosures

Current Market Conditions in in Waukegan, IL As of April 2026?
Over the past month, Waukegan has seen a slight uptick in home sales, influenced by seasonal market dynamics. Interest rates have stabilized, allowing more buyers to enter the market, although competition remains for well-priced homes.
How much do homes sell for in Waukegan, IL?
The average home price is currently $278,695.
In Waukegan, IL, how many homes are available?
There are currently 2 active home listings available in Waukegan.
What’s the average rental cost in Waukegan, IL?
The average rental price in Waukegan is $1,267.
What is the most expensive home in Waukegan?
The most expensive home sold in Waukegan had a price of $61,487,256.
What is currently the cheapest priced home in Waukegan, IL?
The cheapest home for sale in Waukegan is priced at $10,040.

Living in Waukegan, IL

Waukegan, IL is a lakeside city known for its vibrant downtown and beautiful waterfront. With a variety of outdoor activities and a strong community spirit, it's an excellent choice for families and young professionals alike. The area offers a good mix of amenities, schools, and cultural events, making it an attractive place to live.

Buyer vs Seller Market in Waukegan, IL

Waukegan's real estate market is experiencing a steady increase in home values due to its strategic location and growing local economy. Buyers are finding diverse options ranging from historic homes to contemporary developments, with prices reflecting the area's appeal and amenities.

The demand for homes in Waukegan is being driven by buyers looking for affordability compared to nearby cities, along with an increasing inflow of new residents attracted by job opportunities and lifestyle benefits.

Home Value Estimator For Waukegan, IL

There are currently 19,502 real estate properties in Waukegan, IL, with a median automated valuation model (AVM) price of $226,470.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Waukegan, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Waukegan, IL, is $278,695.00, with the most expensive house in Waukegan, IL, topping out at $61,487,256.00 and the cheapest home in Waukegan, IL, clocking in at $10,040.00. In other words, there’s something for every potential homebuyer or savvy investor in Waukegan, IL!

Rent Prices In Waukegan, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Waukegan, IL, is on a rollercoaster ride. The average rent price in Waukegan, IL, is $1,267.00. Indeed, when looking to rent in Waukegan, IL, you can expect to pay as little as $580.00 or as much as $4,320.00, with the average rent median estimated to be $1,250.00. The good news is that finding an affordable and desirable property to rent in Waukegan, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Waukegan, IL Foreclosures

Market Trend for Waukegan, IL

Total Listings Available: 2

Market Values:

Home Prices from $10,040 to $61,487,256

Average Sales Price: $278,695

Rental Values:

Rental from $580 to $4,320

Average Rent Value: $1,267 / month

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