Living in Buckingham, IL
Buckingham, Illinois, is a quaint village that embodies the charm of small-town life with easy access to urban amenities. Known for its friendly atmosphere, the area offers ample opportunities for outdoor activities and community engagement. With its peaceful surroundings and close proximity to larger towns, Buckingham is an ideal place for those seeking a serene lifestyle.
Current Market Conditions in Buckingham, IL
Currently, Buckingham's real estate market is characterized by a stable trend, with a modest increase in home values. The area's affordability combined with a growing interest in suburban living has attracted new buyers, especially families looking for a community-oriented environment away from urban centers. Properties are often in demand due to their appeal to first-time homebuyers and those seeking to downsize.
Over the past few months, the real estate activity has been steady, with many listings receiving multiple offers due to the low inventory levels. Buyers are encouraged to act swiftly as suitable homes tend to sell quickly, indicating a competitive market but still offering great opportunities for investment.
Home Value Estimator For Buckingham, IL
There are currently 214 real estate properties
in Buckingham, IL,
with a median automated valuation model (AVM) price
of $196,800.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Buckingham, 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 Buckingham, IL,
is $241,463.00, with the most expensive house
in Buckingham, IL, topping out
at $2,250,481.00 and the cheapest home
in Buckingham, IL,
clocking in at $14,333.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Buckingham, IL!
Rent Prices
In Buckingham, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Buckingham, IL, is on
a rollercoaster ride. The
average rent price in Buckingham, IL,
is $1,377.00. Indeed, when looking to rent in
Buckingham, IL, you can expect to pay as little
as $730.00 or as much
as $2,360.00,
with the average rent median estimated to
be $1,330.00. The good news is that finding
an affordable and desirable property to rent in Buckingham, 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.
Learn more on Foreclosure homes
