Cherry, IL Foreclosures
How much do homes sell for in Cherry, IL?
The average home price is currently $127,287.
What’s the average rental cost in Cherry, IL?
The average rental price in Cherry is $1,034.
What is the most expensive home in Cherry?
The most expensive home sold in Cherry had a price of $435,472.
What is currently the cheapest priced home in Cherry, IL?
The cheapest home for sale in Cherry is priced at $36,626.
Living in Cherry, IL
Cherry, IL is a charming village nestled in Bureau County, known for its peaceful rural setting and friendly community. Located amidst lush farmland, it offers a serene lifestyle with several outdoor recreational opportunities. While small, Cherry boasts a welcoming atmosphere that is ideal for those looking to escape the fast pace of urban life.
Current Market Conditions in Cherry, IL
The current real estate market in Cherry, IL is relatively stable. The village has seen a modest increase in home prices over the last year, indicating a healthy interest in homeownership within the community. Due to its attractive rural lifestyle, more buyers are looking to move to smaller towns like Cherry, leading to increased demand for housing, particularly single-family homes and larger lots.
The rental market also shows signs of growth, with a slight increase in availability as more people consider renting as an option given the economic uncertainties. Housing inventory has remained moderately low compared to other areas, contributing to the rise in prices.
Home Value Estimator For Cherry, IL
There are currently 210 real estate properties
in Cherry, IL,
with a median automated valuation model (AVM) price
of $112,955.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Cherry, 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 Cherry, IL,
is $127,287.00, with the most expensive house
in Cherry, IL, topping out
at $435,472.00 and the cheapest home
in Cherry, IL,
clocking in at $36,626.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Cherry, IL!
Rent Prices
In Cherry, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Cherry, IL, is on
a rollercoaster ride. The
average rent price in Cherry, IL,
is $1,034.00. Indeed, when looking to rent in
Cherry, IL, you can expect to pay as little
as $790.00 or as much
as $1,580.00,
with the average rent median estimated to
be $1,040.00. The good news is that finding
an affordable and desirable property to rent in Cherry, 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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