Bingham, IL Foreclosures
How much do homes sell for in Bingham, IL?
The average home price is currently $192,718.
What’s the average rental cost in Bingham, IL?
The average rental price in Bingham is $930.
What is the most expensive home in Bingham?
The most expensive home sold in Bingham had a price of $671,082.
What is currently the cheapest priced home in Bingham, IL?
The cheapest home for sale in Bingham is priced at $19,758.
Living in Bingham, IL
Bingham, IL is a quaint village that offers a peaceful lifestyle for its residents. Nestled in Central Illinois, it boasts beautiful parks and recreational activities, making it ideal for those who love nature. The strong community spirit is highlighted by local events that bring neighbors together.
Current Market Conditions in Bingham, IL
The real estate market in Bingham, IL is characterized by its affordability, with home prices typically lower than state averages. The village has seen a modest increase in property values over the past year, driven by its appealing location and community-focused lifestyle, attracting buyers looking for value in a peaceful setting.
Inventory levels remain stable, with a balanced mix of residential homes available, from older houses full of character to newer constructions. With low interest rates encouraging home purchases, Bingham remains an attractive market for first-time buyers and retirees seeking a serene environment.
Home Value Estimator For Bingham, IL
There are currently 51 real estate properties
in Bingham, IL,
with a median automated valuation model (AVM) price
of $146,885.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Bingham, 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 Bingham, IL,
is $192,718.00, with the most expensive house
in Bingham, IL, topping out
at $671,082.00 and the cheapest home
in Bingham, IL,
clocking in at $19,758.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Bingham, IL!
Rent Prices
In Bingham, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Bingham, IL, is on
a rollercoaster ride. The
average rent price in Bingham, IL,
is $930.00. Indeed, when looking to rent in
Bingham, IL, you can expect to pay as little
as $930.00 or as much
as $930.00,
with the average rent median estimated to
be $930.00. The good news is that finding
an affordable and desirable property to rent in Bingham, 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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