Albany, IL Foreclosures
How much do homes sell for in Albany, IL?
The average home price is currently $180,320.
In Albany, IL, how many homes are available?
There are currently 2 active home listings available in Albany.
What’s the average rental cost in Albany, IL?
The average rental price in Albany is $1,262.
What is the most expensive home in Albany?
The most expensive home sold in Albany had a price of $600,145.
What is currently the cheapest priced home in Albany, IL?
The cheapest home for sale in Albany is priced at $13,529.
Living in Albany, IL
Albany, IL is a quaint and inviting small town in Henry County, known for its close-knit community and rich agricultural background. Residents enjoy plentiful outdoor activities and a serene rural lifestyle while maintaining easy access to the Quad Cities. The town offers well-regarded schools and a friendly atmosphere, making it ideal for families and retirees alike.
Current Market Conditions in Albany, IL
Albany's real estate market has seen steady growth over the past few years, with home prices gradually increasing as demand for rural properties rises. The area remains attractive to those seeking a quieter lifestyle while still being close to urban amenities. With its affordable housing options and tight-knit community, Albany is likely to continue experiencing interest from buyers looking for a peaceful retreat.
The current market in Albany reflects a balanced approach between buyers and sellers. Inventory levels are stable, and homes are selling relatively quickly compared to previous years. The low-interest rates have also contributed to a surge in first-time homebuyers, looking to settle in this friendly community.
Home Value Estimator For Albany, IL
There are currently 363 real estate properties
in Albany, IL,
with a median automated valuation model (AVM) price
of $169,840.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Albany, 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 Albany, IL,
is $180,320.00, with the most expensive house
in Albany, IL, topping out
at $600,145.00 and the cheapest home
in Albany, IL,
clocking in at $13,529.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Albany, IL!
Rent Prices
In Albany, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Albany, IL, is on
a rollercoaster ride. The
average rent price in Albany, IL,
is $1,262.00. Indeed, when looking to rent in
Albany, IL, you can expect to pay as little
as $700.00 or as much
as $2,230.00,
with the average rent median estimated to
be $1,260.00. The good news is that finding
an affordable and desirable property to rent in Albany, 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
