Are you thinking about purchasing a home in Northern Illinois but wonder if it’s possible in today’s competitive market? In this video, I’m going to show you how you can still find a house for an affordable price. We’ll look at actual properties in some of Northern Illinois’ highly desirable suburbs to give you an idea of what you can find.
Huntley is a city with great options and a variety of two- to four-bedroom homes. For our MLS search, we took out the two-bedroom options because most are located in the Del Webb retirement community. When searching for three-bedroom properties and up, our search gave us 28 available properties in different price ranges.
While this is a low inventory, there are still options available. For example, a home on Lori Lane with three beds and one bath is listed at $225,000. Over on Rushmore Lane in the Wing Pointe subdivision, you can find a 1,900 square foot home with three bedrooms and two and a half baths. It also includes a loft that can be made into a fourth bedroom. This nice-sized home is currently listed at $307,000.
Another option is on Bethel Avenue, currently listed for $323,000. It has four bedrooms, two and a half baths, and 2,400 square feet. Other price points include a four-bedroom, four-and-a-half-bath for $349,000, and a four-bedroom two-and-a-half-bath house on Sawgrass Lane with a three-car garage for $398,000. At 10 days on the market, this property may be getting ready to do a price drop—so make sure you keep an eye on it.
Additionally, Huntley is home to School District 158. We’ve put four kids through this school district, and we couldn’t be happier. It’s a great option if you have kids and want to ensure they get a great education.
Our next stop to look at home inventory is in Algonquin, Illinois. One home that’s a little bit older but has four bedrooms is priced at just $165,000. Another option, located at 1410 Parkview Terrace, is a ranch style with a two-car garage for $244,000. Over on Bayberry, $259,000 will get you 1,300 square feet on the east side of the city. Going up in price a little bit, a 1,700 house with a two-car garage is currently on the market for $299,000.
If you want to get into Algonquin Lake, you can find some great homes within the school district of District 300. In Cardiff, a four-bedroom, two-and-a-half-bath house with a three-car garage is listed at $369,000. On Peach Tree, another $369,000 property boasts three bedrooms, two and a half baths, and 1,900 square feet. And if any of these houses don’t grab your interest, there are a total of 24 properties currently for sale in Algonquin.
Lake In The Hills And Hampshire
Lake In The Hills has 26 properties for sale, ranging between $215,000 and $849,000. One great example features 1300 square feet for $270,000. At 2,700 square feet, another home costs just $335,000. While this might be expensive for some, this is very affordable in today's market. Additionally, low-interest rates increase your purchasing power tenfold.
Over in Hampshire, a 2,500 square foot home is listed at just $314,000—which includes a finished basement. On Ridgecrest, $350,000 will get you 2,500 square feet, four bedrooms, and three and a half baths.
Crystal Lake And Woodstock
Crystal Lake is another great Northern Illinois area with tons of possibilities. A three-bedroom, one-and-a-half-bath single-family ranch home is currently on the market for $204,000. While it’s a little older and
only has a one-car garage, where else can you get a single-family home for this price? Heading over to Northampton Drive, a 1,700 square foot home with great updates is listed at $245,000.
Moving into Woodstock, Illinois, you’ll be able to find similar deals. Over on Redtail, you can find a three-bedroom home priced at $266,000. At 250 Kildeer, a 2,000 square foot home is listed at $239,000. A semi-custom cedar home at 1,800 square feet is $320,000.
Barrington historically has three to four years of inventory on the market at any given time. Over the last 10 years, there's been an increase in inventory and the price point is typically very high. However, you can still find some deals here.
A four-bedroom, one-bath 2,000 square foot home on Main Street is priced at $299,000. On Farnsworth, $315,000 will get you a 1,700 square foot property. On Camden, a home with a three-car garage and 2,500 square feet is priced at $319,000. Over in unincorporated Barrington hills, a ranch home on three wooded acres will cost you under $400,000.
Heading over to Walton, a smaller home that includes a basement will cost you $389,000. This house went from $499,000 to $389,000, indicating that the market is getting softer. We’re seeing a lot of price drops lately, and usually, a home will sell soon after. So if you see a house outside of your price range, you might want to make an offer because they could be getting ready to drop the price.
Another property in the area started at $415,000, and the price dropped to $395,000. It may even drop again—and that’s when you’d want to try to snag it.
Get A Deal On The Market Today
Many other homes in Northern Illinois listed for sale are likely to have price drops soon. One property in Manchester Lakes, for example, has been on the market for 11 days at $369,000 with no offers. This tells you, again, that the market has softened.
I hope this gave you some insight into the available residential properties currently for sale in Northern Illinois. As you can see, it's not as bad as people make it out to be. While it is a tight, competitive market, it’s getting better each and every day. So if you're in the market, I'd love to help you find the property that’s right for you. Make sure to reach out and I’ll be happy to connect with you!
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