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Condo Foreclosures in Berkeley, IL

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Berkeley, IL Foreclosures

How much do homes sell for in Berkeley, IL?
The average home price is currently $318,442.
In Berkeley, IL, how many homes are available?
There are currently 2,987 active home listings available in Berkeley.
What’s the average rental cost in Berkeley, IL?
The average rental price in Berkeley is $1,794.
What is the most expensive home in Berkeley?
The most expensive home sold in Berkeley had a price of $3,934,103.
What is currently the cheapest priced home in Berkeley, IL?
The cheapest home for sale in Berkeley is priced at $28,350.

Living in Berkeley, IL

Berkeley, Illinois is a serene suburban community offering a harmonious blend of residential charm and accessible amenities. Known for its family-friendly environment, the village combines a small-town atmosphere with proximity to downtown Chicago, making it an attractive choice for both families and young professionals. Residents enjoy well-maintained parks, access to quality schools, and a strong sense of community spirit.

Current Market Conditions in Berkeley, IL

The real estate market in Berkeley is currently showing steady growth, characterized by increasing home prices and a high demand for family-sized homes.

Recent trends indicate a shift towards more buyers looking for spacious properties with dedicated home office spaces, driven by ongoing remote work flexibility.

Inventory levels remain low, putting pressure on home prices, but the area's desirable characteristics continue to attract prospective buyers.

Home Value Estimator For Berkeley, IL

There are currently 1,846 real estate properties in Berkeley, IL, with a median automated valuation model (AVM) price of $299,912.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Berkeley, 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 Berkeley, IL, is $318,442.00, with the most expensive house in Berkeley, IL, topping out at $3,934,103.00 and the cheapest home in Berkeley, IL, clocking in at $28,350.00. In other words, there’s something for every potential homebuyer or savvy investor in Berkeley, IL!

Rent Prices In Berkeley, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Berkeley, IL, is on a rollercoaster ride. The average rent price in Berkeley, IL, is $1,794.00. Indeed, when looking to rent in Berkeley, IL, you can expect to pay as little as $1,180.00 or as much as $3,280.00, with the average rent median estimated to be $1,780.00. The good news is that finding an affordable and desirable property to rent in Berkeley, 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.

Berkeley, IL Condos

Market Trend for Berkeley, IL

Total Listings Available: 2,987

Market Values:

Home Prices from $28,350 to $3,934,103

Average Sales Price: $318,442

Rental Values:

Rental from $1,180 to $3,280

Average Rent Value: $1,794 / month

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