Foreclosure Homes in Long Grove, IL

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View this home at Rfd Long Grove IL 60047
Long Grove, IL 60047
AUCTION: 06-25-2024
View this home at Miranda Ln Long Grove IL 60047
$881,946 EMV
Miranda Ln
Long Grove, IL 60047
EST. RENT: $3,950
AUCTION: 06-25-2024
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Long Grove, IL Foreclosures

How much do homes sell for in Long Grove, IL?
The average home price is currently $802,932.
In Long Grove, IL, how many homes are available?
There are currently 2,662 active home listings available in Long Grove.
What’s the average rental cost in Long Grove, IL?
The average rental price in Long Grove is $3,564.
What is the most expensive home in Long Grove, Illinois?
The most expensive home sold in Long Grove had a price of $4,712,607.
What is currently the cheapest priced home in Long Grove, IL?
The cheapest home for sale in Long Grove is priced at $16,460.

Home Value Estimator For Long Grove, IL

There are currently 2,662 real estate properties in Long Grove, IL, with a median automated valuation model (AVM) price of $758,345.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Long Grove, 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 Long Grove, IL, is $802,932.00, with the most expensive house in Long Grove, IL, topping out at $4,712,607.00 and the cheapest home in Long Grove, IL, clocking in at $16,460.00. In other words, there’s something for every potential homebuyer or savvy investor in Long Grove, IL!

Rent Prices In Long Grove, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Long Grove, IL, is on a rollercoaster ride. The average rent price in Long Grove, IL, is $3,564.00. Indeed, when looking to rent in Long Grove, IL, you can expect to pay as little as $1,060.00 or as much as $4,380.00, with the average rent median estimated to be $3,760.00. The good news is that finding an affordable and desirable property to rent in Long Grove, 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.

Top Reasons To Live In Long Grove, IL In 2024

Long Grove is located in Lake, Illinois, with an estimated municipal population of 7,905 residents. All of the best foreclosed homes for sale in Long Grove are located in the following zip code areas on 60047. The estimated population per square kilometer (.62 miles) in Long Grove is 247.

Cost Of Living In Long Grove, IL

So, about how much do homes cost in Long Grove? The most recent median value of resident-owned homes in Long Grove is 647,801. An estimated 98.5 percent of households in Long Grove own their homes, with an average family size of 3.29. The median household income in Long Grove is 214,073, with82.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Long Grove, the median commute time of resident workers (in minutes) is 33.3. And last, but certainly not least, are you looking for homes to rent in Long Grove? If so, the average rent price paid by renters in Long Grove is 3,250, according to recent statistics.

Diversity And Demographics In Long Grove, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Long Grove, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Long Grove is 46.6, split between 49.7 percent male versus 50.3 female. The percentage of residents who report being married in Long Grove is 66.5, with an average family size of 3.29.

The percentage of residents who report their race in Long Grove is as follows:

White 76.1%
Black / African American 2.5%
Asian 18%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0.2%
Multi-racial 2%
Other 1.2%

Looking for family-friendly neighborhoods in and/or near Long Grove? Or maybe you are searching for 55+ active adult communities in and/or near Long Grove?

The percentage of residents who report their age in Long Grove is as follows:

Under 10 8.8%
Aged 10-19 18.1%
20s 8.8%
30s 5.6%
40s 15.8%
50s 17.7%
60s 14.9%
70s 6.1%
80+ 4%

Best Schools In Long Grove, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Long Grove with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Long Grove.

Pros And Cons Of Living In Long Grove, Illinois

How do you know that living in -- or moving to -- Long Grove is right where you need to be? Perhaps you grew up in Long Grove or already live nearby; therefore, the decision to buy a home in Long Grove is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Long Grove for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Long Grove:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Long Grove.

Reasons To Move To Long Grove, Illinois, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Long Grove can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Long Grove, meanwhile, can field multiple offers from more qualified buyers.

Long Grove, IL Foreclosures


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