One of the fastest growing areas in northern Illinois, Gurnee is just a few miles west of Lake Michigan. Approximately 31,000 people reside in this Lake County community. Although its population is steadily growing, Gurnee maintains a small-town atmosphere, blending a variety of residential neighborhoods with quality industrial space and plenty of outdoor fun.
Four community and 10 neighborhood parks offer a variety of recreational amenities including playgrounds, ball fields, tennis courts, a jogging trail and an ice rink. Gurnee also has a 240-acre, 18-hole championship public golf course. Nearby Lake Michigan is a favorite sailing and salmon fishing spot. Lake County Forest Preserves and Illinois Beach State Park are other popular recreational areas.
Lake County school districts 50 and 56 provide public education to area students. Private schools, such as Country Meadows Montessori School, offer educational alternatives.
Residents appreciate Gurnee's proximity to Chicago, which is about 40 miles away. Chicago O'Hare International Airport is within half an hour's drive and a few of the area's largest tourist attractions are west of town. These include the Six Flags Great America amusement park and Gurnee Mills, a shopper's paradise.
Gurnee's real estate offerings include single-family homes as well as condominiums and townhouses. Some properties offer scenic water views or golf course frontage. The healthy economy and ideal location of Gurnee continue to attract individuals, families and businesses alike.
Gurnee Real Estate Market - Price Range of Gurnee Houses
Gurnee's real estate market is mostly made up of single-family detached homes. Three- to five-bedroom single-family homes in Gurnee are priced from the low $90,000s in areas like Grandwood Park to $875,000 in communities such as Aberdare Estates. Many properties are of the ranch, contemporary, Georgian or Colonial styles and are located on lots of up to an acre in size. Some homes have golf course or water frontage.
Gurnee also features a moderate selection of condominiums and townhouses as well. Condominiums and townhouses are priced from $70,000 in areas like Pembrook to $370,000 for homes in Oak Stream. These properties typically have two or three bedrooms and one- or two-car garages.
Gurnee Real Estate Stats and Trends for the week of April 20th, 2020: homes priced around $267,235 compared to $266,773 the previous week, for a slight increase of less than +1%. For Monday, April 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.