Michael, IL Foreclosures
How much do homes sell for in Michael, IL?
The average home price is currently $205,249.
What’s the average rental cost in Michael, IL?
The average rental price in Michael is $902.
What is the most expensive home in Michael?
The most expensive home sold in Michael had a price of $915,796.
What is currently the cheapest priced home in Michael, IL?
The cheapest home for sale in Michael is priced at $26,967.
Living in Michael, IL
Michael, IL is a serene and family-friendly village offering a tight-knit community atmosphere. It boasts beautiful outdoor spaces for recreation, along with convenient access to local amenities. With a mix of charming homes, this location is perfect for those looking for a peaceful lifestyle.
Current Market Conditions in Michael, IL
The real estate market in Michael, IL is currently trending towards a stable increase in home prices, driven by demand from families and individuals looking for affordable housing options in a quieter setting. Sales are consistent, with a good turnover rate as people are moving into the area for its community feel and amenities.
Buyers in Michael can expect moderate competition in the market, with homes often selling within a few weeks of being listed. The community's reputation for safety, good schools, and accessibility makes it an attractive choice for homebuyers.
Home Value Estimator For Michael, IL
There are currently 26 real estate properties
in Michael, IL,
with a median automated valuation model (AVM) price
of $173,375.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Michael, 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 Michael, IL,
is $205,249.00, with the most expensive house
in Michael, IL, topping out
at $915,796.00 and the cheapest home
in Michael, IL,
clocking in at $26,967.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Michael, IL!
Rent Prices
In Michael, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Michael, IL, is on
a rollercoaster ride. The
average rent price in Michael, IL,
is $902.00. Indeed, when looking to rent in
Michael, IL, you can expect to pay as little
as $730.00 or as much
as $1,110.00,
with the average rent median estimated to
be $870.00. The good news is that finding
an affordable and desirable property to rent in Michael, 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.
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