Des Plaines, IL Home Values & Market Trends
Real estate market trends reflect that there have been 1,163 transactions over the past year in Des Plaines. The median value for residential home transactions that occurred over the previous year is $282,615.76. The number of current listings in Des Plaines is 26, and the percentage of properties for sale in the city is 26.00%. Des Plaines, IL currently has 83 properties in foreclosure, 6 bank owned properties, 11 properties headed for auction, and 26 properties for sale.
Housing Market Summary for Des Plaines, IL
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $299K | $276.6K | -7.50% |
Median Sold Price | $290K | $276.6K | -4.63% |
Homes For Sale | 21 | 21 | - |
Homes Sold | 747 | 794 | 6.29% |
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 Des Plaines, IL
Browse Homes in Des Plaines, IL
Des Plaines home values range from $33,978 to $1,399,000. The median estimated value of a home in Des Plaines is $282,615.76. The median list price of a home is 367,450, and the total count of properties in the city is 27,676.
- Pre-ForeclosurePre-foreclosure homes account for 0.24% of all residential properties in Des Plaines, IL with 60016 containing 50 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Des Plaines, IL; of those zips, the estimated home value for pre-foreclosure homes ranges from $629,250 in 60018 to the lowest home value of $119,682 in 60016.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Des Plaines, IL ranges from the highest value of $402,750 in 60016 to the lowest value of $81,420 in 60016. Bank owned homes and properties account for 0.02% of properties in Des Plaines, IL. There are 2 zips within Des Plaines, IL; 60016 containing 6 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60016 has 9 auction properties, the highest number of properties going to auction in a single zip in the state of Des Plaines, IL. Auction homes and other auction properties account for 0.04% of all properties in Des Plaines, IL. There are 2 zips within Des Plaines, IL; of those zips, the median estimated home value for homes going to auction ranges from $364,468 in 60018 to the lowest value of $94,170 in 60018.
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