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Preforeclosure Homes in Berkeley, IL

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Berkeley, IL Foreclosures

Current Market Conditions in in Berkeley, IL As of February 2026?
Over the past month, the Berkeley real estate market has seen an uptick in new listings, indicating a positive shift for prospective buyers seeking homes in the area. This increase could suggest a slight cooling of the previously tight inventory, allowing for a better selection of homes. Meanwhile, average home prices have stabilized, showing a gradual trend rather than sharp fluctuations, which reflects healthy market activity. Buyers are encouraged to act quickly to avoid missing out on desirable properties as interest remains strong.
How much do homes sell for in Berkeley, IL?
The average home price is currently $311,173.
In Berkeley, IL, how many homes are available?
There are currently 16 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 $3,861,533.
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, IL is a quaint village in Cook County, providing residents with a community-oriented atmosphere and easy access to nearby Chicago. With its parks, local shops, and schools, it's ideal for families and individuals looking for a peaceful yet connected lifestyle.

Buyer vs Seller Market in Berkeley, IL

The current real estate market in Berkeley is competitive, with a mix of single-family homes, townhouses, and condos appealing to a wide range of buyers. There has been a noticeable increase in demand as people seek affordable housing options close to urban centers.

As of recent trends, home prices in Berkeley have appreciated moderately, primarily due to low inventory and growing interest from first-time buyers and families wanting more space compared to city living.

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 $290,585.00. 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 $311,173.00, with the most expensive house in Berkeley, IL, topping out at $3,861,533.00 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 Preforeclosure Homes


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