Bingham, IL Foreclosures
How much do homes sell for in Bingham, IL?
The average home price is currently $181,215.
In Bingham, IL, how many homes are available?
There are currently 28 active home listings available in Bingham.
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 $565,354.
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 picturesque small village offering a serene rural lifestyle surrounded by scenic landscapes. Known for its friendly community and outdoor recreational opportunities, it is the perfect retreat for those looking for tranquility without being too far from city amenities.
Current Market Conditions in Bingham, IL
The real estate market in Bingham shows signs of steady growth, with increasing home values influenced by demand for affordable housing in rural areas. As more individuals search for safe and tranquil environments during and post-pandemic, Bingham has become an attractive option for buyers seeking a slower pace of life.
Inventories remain relatively low, and the average time to sell a home has decreased, indicating a competitive market. Single-family homes are particularly sought after, with an increase in families moving towards suburban regions away from urban congestion.
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 $150,715.00. 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 $181,215.00, with the most expensive house
in Bingham, IL, topping out
at $565,354.00 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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