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Foreclosure Homes in Bone Gap, IL

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Bone Gap, IL Foreclosures

How much do homes sell for in Bone Gap, IL?
The average home price is currently $84,581.
In Bone Gap, IL, how many homes are available?
There are currently 8 active home listings available in Bone Gap.
What’s the average rental cost in Bone Gap, IL?
The average rental price in Bone Gap is $907.
What is the most expensive home in Bone Gap?
The most expensive home sold in Bone Gap had a price of $333,485.
What is currently the cheapest priced home in Bone Gap, IL?
The cheapest home for sale in Bone Gap is priced at $2,543.

Living in Bone Gap, IL

Bone Gap, Illinois, is a serene village in Edwards County, offering a peaceful rural lifestyle. With a strong sense of community and beautiful landscapes, it's perfect for families and retirees. Nearby towns provide additional amenities, enhancing its charm for residents.

Current Market Conditions in Bone Gap, IL

The real estate market in Bone Gap has remained relatively stable over recent years, with a focus on affordable housing options that attract families and retirees. The small-town charm and affordability make it appealing for those looking for a slower-paced life.

With the rise of remote working opportunities, there has been an increasing interest in rural properties, and Bone Gap is no exception. It has seen a gradual increase in inquiries for homes as potential buyers search for space and tranquility.

Home Value Estimator For Bone Gap, IL

There are currently 109 real estate properties in Bone Gap, IL, with a median automated valuation model (AVM) price of $70,002.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bone Gap, 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 Bone Gap, IL, is $84,581.00, with the most expensive house in Bone Gap, IL, topping out at $333,485.00 and the cheapest home in Bone Gap, IL, clocking in at $2,543.00. In other words, there’s something for every potential homebuyer or savvy investor in Bone Gap, IL!

Rent Prices In Bone Gap, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bone Gap, IL, is on a rollercoaster ride. The average rent price in Bone Gap, IL, is $907.00. Indeed, when looking to rent in Bone Gap, IL, you can expect to pay as little as $700.00 or as much as $1,310.00, with the average rent median estimated to be $900.00. The good news is that finding an affordable and desirable property to rent in Bone Gap, 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.

Bone Gap, IL Foreclosures


Market Trend for Bone Gap, IL

Total Listings Available: 8

Market Values:

Home Prices from $2,543 to $333,485

Average Sales Price: $84,581

Rental Values:

Rental from $700 to $1,310

Average Rent Value: $907 / month

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