Bishop Hill, IL Foreclosures
How much do homes sell for in Bishop Hill, IL?
The average home price is currently $148,929.
In Bishop Hill, IL, how many homes are available?
There are currently 59 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 $768,977.
What is currently the cheapest priced home in Bishop Hill, IL?
The cheapest home for sale in Bishop Hill is priced at $18,328.
Living in Bishop Hill, IL
Bishop Hill, IL, is a quaint village celebrated for its Swedish heritage and artistic community. It offers a peaceful rural lifestyle with rich history and cultural events throughout the year. The picturesque surroundings provide ample opportunities for outdoor activities and community engagement.
Current Market Conditions in Bishop Hill, IL
The real estate market in Bishop Hill remains stable, characterized by a modest number of listings and consistent demand. Prices for homes have seen a slight increase, reflecting the village's charm and appeal to those looking for a quieter lifestyle away from urban centers. The mix of historic homes and newer constructions offers diverse options for buyers.
Recently, there has been an uptick in interest from out-of-state buyers looking for vacation properties, which may further influence market dynamics in the coming year.
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 $107,859.00. 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 $148,929.00, with the most expensive house
in Bishop Hill, IL, topping out
at $768,977.00 and the cheapest home
in Bishop Hill, IL,
clocking in at $18,328.00. 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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