Bishop Hill, IL Foreclosures
How much do homes sell for in Bishop Hill, IL?
The average home price is currently $146,801.
In Bishop Hill, IL, how many homes are available?
There are currently 70 active home listings available in Bishop Hill.
What’s the average rental cost in Bishop Hill, IL?
The average rental price in Bishop Hill is $1,008.
What is the most expensive home in Bishop Hill?
The most expensive home sold in Bishop Hill had a price of $774,976.
What is currently the cheapest priced home in Bishop Hill, IL?
The cheapest home for sale in Bishop Hill is priced at $18,471.
Living in Bishop Hill, IL
Bishop Hill, Illinois embodies a charming blend of historical significance and rural tranquility. Nestled in Henry County, this village offers a friendly community atmosphere with rich Swedish heritage. Residents benefit from beautiful landscapes, unique local shops, and a lifestyle conducive to relaxation and outdoor activities.
Current Market Conditions in Bishop Hill, IL
Bishop Hill has experienced a stable real estate market over the past year, with steady demand due to its unique charm and quiet living environment. There has been a consistent interest from buyers looking for rural homes and second properties for weekend getaways, contributing to a balanced market landscape.
Over the past month, the market has shown slight improvements in both home sales and new listings, indicating a positive shift for sellers. Properties that reflect the historical significance of the village are particularly sought after, leading to an uptick in competitive pricing for such homes.
Home Value Estimator For Bishop Hill, IL
There are currently 80 real estate properties
in Bishop Hill, IL,
with a median automated valuation model (AVM) price
of $107,888.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Bishop Hill, 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 Bishop Hill, IL,
is $146,801.00, with the most expensive house
in Bishop Hill, IL, topping out
at $774,976.00 and the cheapest home
in Bishop Hill, IL,
clocking in at $18,471.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Bishop Hill, IL!
Rent Prices
In Bishop Hill, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Bishop Hill, IL, is on
a rollercoaster ride. The
average rent price in Bishop Hill, IL,
is $1,008.00. Indeed, when looking to rent in
Bishop Hill, IL, you can expect to pay as little
as $640.00 or as much
as $2,160.00,
with the average rent median estimated to
be $940.00. The good news is that finding
an affordable and desirable property to rent in Bishop Hill, 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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