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Short Sale Listings in Sherman, IL

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Living in Sherman, IL

Sherman, IL is a charming village located just north of Springfield. With a welcoming community and a focus on family-friendly amenities, it's an excellent place to live for those seeking the comfort of suburban life. The village is surrounded by beautiful parks and offers easy access to major highways.

Current Market Conditions in Sherman, IL

The Sherman real estate market is currently favorable for buyers, with a steady uptick in available properties. The average home prices remain affordable compared to nearby urban areas, attracting many first-time homeowners and growing families. Homes are selling at moderate pace, reflecting a balanced market without excessive competition.

The demand for housing in Sherman has been fueled by its proximity to Springfield and the quality of local schools. This has led to a slight appreciation in home values over the past few months, making it a desirable location for those looking to invest in real estate.

Home Value Estimator For Sherman, IL

There are currently 1,970 real estate properties in Sherman, IL, with a median automated valuation model (AVM) price of $300,327.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Sherman, 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 Sherman, IL, is $325,325.00, with the most expensive house in Sherman, IL, topping out at $1,183,170.00 and the cheapest home in Sherman, IL, clocking in at $23,570.00. In other words, there’s something for every potential homebuyer or savvy investor in Sherman, IL!

Rent Prices In Sherman, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Sherman, IL, is on a rollercoaster ride. The average rent price in Sherman, IL, is $1,436.00. Indeed, when looking to rent in Sherman, IL, you can expect to pay as little as $1,040.00 or as much as $2,280.00, with the average rent median estimated to be $1,390.00. The good news is that finding an affordable and desirable property to rent in Sherman, 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.

Sherman, IL Short Sale Listings


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