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Short Sale Listings in Bowen, IL 62316

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Bowen, IL Foreclosures

How much do homes sell for in Bowen, IL?
The average home price is currently $85,487.
What’s the average rental cost in Bowen, IL?
The average rental price in Bowen is $963.
What is the most expensive home in Bowen?
The most expensive home sold in Bowen had a price of $377,656.
What is currently the cheapest priced home in Bowen, IL?
The cheapest home for sale in Bowen is priced at $21,204.

Living in Bowen, IL

Bowen, IL is a quiet and welcoming small town surrounded by picturesque landscapes and a close-knit community. Residents enjoy a slower pace of life with access to parks and local services. With affordable housing and a friendly atmosphere, Bowen is a great place for families, retirees, and anyone looking to escape urban life.

Current Market Conditions in Bowen, IL

The real estate market in Bowen is currently favorable for buyers, with a variety of homes available at attractive price points. The community has seen a steady demand for homes due to its affordable living costs and quality education opportunities, making it a desirable location for families and retirees alike.

Recent trends indicate a slight increase in home prices as interest in the area grows. People are drawn to the town's peaceful environment and the promise of a close-knit community. While the market remains competitive, the variety of listings ensures that potential buyers can find homes that suit their needs.

Home Value Estimator For Bowen, IL

There are currently 206 real estate properties in Bowen, IL, with a median automated valuation model (AVM) price of $75,785.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bowen, 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 Bowen, IL, is $85,487.00, with the most expensive house in Bowen, IL, topping out at $377,656.00 and the cheapest home in Bowen, IL, clocking in at $21,204.00. In other words, there’s something for every potential homebuyer or savvy investor in Bowen, IL!

Rent Prices In Bowen, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bowen, IL, is on a rollercoaster ride. The average rent price in Bowen, IL, is $963.00. Indeed, when looking to rent in Bowen, IL, you can expect to pay as little as $730.00 or as much as $1,780.00, with the average rent median estimated to be $960.00. The good news is that finding an affordable and desirable property to rent in Bowen, 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.

Bowen, IL 62316 Short Sale Listings

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