Arrowsmith, IL Foreclosures
How much do homes sell for in Arrowsmith, IL?
The average home price is currently $248,106.
In Arrowsmith, IL, how many homes are available?
There are currently 1 active home listings available in Arrowsmith.
What’s the average rental cost in Arrowsmith, IL?
The average rental price in Arrowsmith is $1,360.
What is the most expensive home in Arrowsmith?
The most expensive home sold in Arrowsmith had a price of $1,357,969.
What is currently the cheapest priced home in Arrowsmith, IL?
The cheapest home for sale in Arrowsmith is priced at $28,169.
Living in Arrowsmith, IL
Arrowsmith, IL is a peaceful small town known for its friendly community, beautiful natural surroundings, and excellent educational facilities. Residents benefit from a close-knit atmosphere and easy access to various outdoor activities, making it an ideal place for families. With nearby amenities and a safe environment, Arrowsmith is perfect for those seeking a quieter lifestyle away from the hustle and bustle.
Current Market Conditions in Arrowsmith, IL
The real estate market in Arrowsmith has shown steady growth over the past year, with increased interest in single-family homes due to the town's appeal for families and retirees alike. As more people look to escape urban settings for a quieter lifestyle, the demand for housing in Arrowsmith has risen, leading to an uptick in home values and an increase in properties going under contract as soon as they are listed.
Current market trends indicate that while home prices have risen, the increase remains in alignment with national housing market trends, which are showing a cooling effect as increased inventory slightly stabilizes competition. The average time on the market has shortened, reflecting buyer enthusiasm for this peaceful locale.
Home Value Estimator For Arrowsmith, IL
There are currently 232 real estate properties
in Arrowsmith, IL,
with a median automated valuation model (AVM) price
of $171,150.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Arrowsmith, 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 Arrowsmith, IL,
is $248,106.00, with the most expensive house
in Arrowsmith, IL, topping out
at $1,357,969.00 and the cheapest home
in Arrowsmith, IL,
clocking in at $28,169.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Arrowsmith, IL!
Rent Prices
In Arrowsmith, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Arrowsmith, IL, is on
a rollercoaster ride. The
average rent price in Arrowsmith, IL,
is $1,360.00. Indeed, when looking to rent in
Arrowsmith, IL, you can expect to pay as little
as $780.00 or as much
as $3,260.00,
with the average rent median estimated to
be $1,330.00. The good news is that finding
an affordable and desirable property to rent in Arrowsmith, 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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