Bowen, IL Foreclosures
How much do homes sell for in Bowen, IL?
The average home price is currently $90,016.
In Bowen, IL, how many homes are available?
There are currently 18 active home listings available in Bowen.
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 $396,762.
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 is a serene small town located in the heart of Illinois, known for its friendly community and picturesque landscapes. It offers a blend of rural charm combined with essential amenities for a comfortable lifestyle. Residents enjoy outdoor activities, with ample opportunities for hiking, fishing, and local events that bring the community together.
Current Market Conditions in Bowen, IL
The real estate market in Bowen is currently experiencing a noticeable uptick in interest, driven by individuals seeking affordable housing options outside of urban areas. Property values are showing steady growth, attracting both first-time homebuyers and those looking to invest in rental properties. Overall, the market remains competitive, with homes selling at a steady pace and buyers drawn to the charm of small-town living.
Recent trends indicate an increase in remote workers relocating to Bowen, further enhancing demand for residential properties. The influx of new residents is contributing to a thriving local economy, ensuring that small businesses and local services continue to prosper.
Home Value Estimator For Bowen, IL
There are currently 212 real estate properties
in Bowen, IL,
with a median automated valuation model (AVM) price
of $76,996.00. 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 $90,016.00, with the most expensive house
in Bowen, IL, topping out
at $396,762.00 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.
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