Long Grove, Illinois, is located in the heart of Lake County in the northern part of the state. Home to over 7,000 residents, this region of wooded hillsides, lush greenery and vast expanses of open land is a charming place to call home. Long Grove prides itself in maintaining a rural community feeling in the middle of the metro-suburban area of Chicago. The efficient METRA public train system, modern highways and toll ways allow residents the opportunity commute with ease to the heart of downtown Chicago for work, shopping or pleasure.
The Village of Long Grove is perhaps best known for its gift and antique shops in historic downtown. The business district contains more than 120 specialty shops, cafes, restaurants and coffee houses. Small town pride and a family-oriented atmosphere are present during the area's many community-sponsored social events. The Strawberry Festival, The Annual Chocolate Festival, Long Grove Art Fest, and Apple Festival are just a few of the many celebrations that bring locals together throughout the year.
Supported by a strong local government and a committee dedicated to the preservation of the region's natural appearance, this community is a wonderful place to live, work and play, and offers excellent real estate and homes for sale.
Local Real Estate Market: Prices of Long Grove Homes for Sale
Long Grove's real estate market offers a variety of real estate surrounded by vast open spaces and lush greenery. The Village boasts architecture to suit every taste including ranch-style, multi-tiered homes, traditional, two-story, Tudor, contemporary and colonial styles. Most homes in Long Grove have basements and many enjoy vistas of prairie or wooded expanses. Prices for Long Grove homes situated on spacious lots range in price from approximately $200,000 to $500,000, while larger estate properties and luxury executive homes all with significant square footage and specialty amenities range in price from $600,000 to as high as $2 million. Many of these homes are located on large lots and some boast significant acreage. Land parcels are also available for custom real estate development.
Long Grove Real Estate Stats and Trends for the week of August 15th, 2016: homes priced around $473,122 compared to $292,858 the previous week, showing a increase of more than +38%. For Thursday, September 29th, the current national mortgage rate for a 30 year fixed mortgage is 3.37%; the 15 year fixed rate is at 2.61%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.36%, while the 15 year jumbo rate currently is at 3.85%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Long Grove IL. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Long Grove to help you find the best home!