Burbank, IL Foreclosures
How much do homes sell for in Burbank, IL?
The average home price is currently $338,062.
In Burbank, IL, how many homes are available?
There are currently 175 active home listings available in Burbank.
What’s the average rental cost in Burbank, IL?
The average rental price in Burbank is $1,706.
What is the most expensive home in Burbank?
The most expensive home sold in Burbank had a price of $15,926,005.
What is currently the cheapest priced home in Burbank, IL?
The cheapest home for sale in Burbank is priced at $10,888.
Living in Burbank, IL
Burbank, IL, is a vibrant suburb of Chicago that offers a family-friendly environment, great schools, and extensive recreational opportunities. Its close proximity to the downtown area allows residents to enjoy both suburban peace and urban excitement. With various parks, amenities, and a strong sense of community, Burbank is an ideal location for families and professionals alike.
Current Market Conditions in Burbank, IL
The Burbank real estate market is currently stable, showing moderate growth in property values over the past year. Demand for single-family homes remains strong, driven by the area's appealing family-oriented environment and good transportation links. As more families look to settle in suburbs, Burbank is experiencing a steady interest from buyers seeking affordable options relative to nearby Chicago.
In recent months, the market has seen a slight increase in inventory, providing more choices for potential buyers. However, prices have remained relatively consistent, indicating that while the market may be stabilizing, the demand for homes in Burbank continues to hold firm due to its desirable location and community amenities.
Home Value Estimator For Burbank, IL
There are currently 8,452 real estate properties
in Burbank, IL,
with a median automated valuation model (AVM) price
of $309,246.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Burbank, 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 Burbank, IL,
is $338,062.00, with the most expensive house
in Burbank, IL, topping out
at $15,926,005.00 and the cheapest home
in Burbank, IL,
clocking in at $10,888.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Burbank, IL!
Rent Prices
In Burbank, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Burbank, IL, is on
a rollercoaster ride. The
average rent price in Burbank, IL,
is $1,706.00. Indeed, when looking to rent in
Burbank, IL, you can expect to pay as little
as $720.00 or as much
as $3,500.00,
with the average rent median estimated to
be $1,720.00. The good news is that finding
an affordable and desirable property to rent in Burbank, 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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