Andover, IL Foreclosures
How much do homes sell for in Andover, IL?
The average home price is currently $162,819.
In Andover, IL, how many homes are available?
There are currently 2 active home listings available in Andover.
What’s the average rental cost in Andover, IL?
The average rental price in Andover is $1,093.
What is the most expensive home in Andover?
The most expensive home sold in Andover had a price of $462,000.
What is currently the cheapest priced home in Andover, IL?
The cheapest home for sale in Andover is priced at $11,173.
Living in Andover, IL
Andover, IL, offers residents a peaceful suburban lifestyle with a strong sense of community. The area is surrounded by beautiful landscapes, parks, and recreational facilities, making it ideal for families. With excellent schools and convenient access to nearby urban centers, Andover is a desirable place to call home.
Current Market Conditions in Andover, IL
The current real estate market in Andover is stable, with average home prices reflecting a mild appreciation over the past year. The demand for housing in this area remains strong, especially among families seeking a safe and pleasant environment to raise children. Interest rates have remained relatively low, encouraging buyers to enter the market and take advantage of favorable financing options.
In recent months, Andover has seen a slight increase in inventory, which has provided potential buyers with more choices. Real estate agents note a balanced market, with homes typically selling within a reasonable timeframe. The desire for suburban living, fueled by the ongoing remote work trend, means that Andover will likely continue to attract buyers looking for space and community.
Home Value Estimator For Andover, IL
There are currently 121 real estate properties
in Andover, IL,
with a median automated valuation model (AVM) price
of $152,476.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Andover, 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 Andover, IL,
is $162,819.00, with the most expensive house
in Andover, IL, topping out
at $462,000.00 and the cheapest home
in Andover, IL,
clocking in at $11,173.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Andover, IL!
Rent Prices
In Andover, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Andover, IL, is on
a rollercoaster ride. The
average rent price in Andover, IL,
is $1,093.00. Indeed, when looking to rent in
Andover, IL, you can expect to pay as little
as $700.00 or as much
as $1,880.00,
with the average rent median estimated to
be $1,070.00. The good news is that finding
an affordable and desirable property to rent in Andover, 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.
Learn more on Foreclosure homes
