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Foreclosures in Burbank, IL

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Burbank, IL Foreclosures

How much do homes sell for in Burbank, IL?
The average home price is currently $342,354.
In Burbank, IL, how many homes are available?
There are currently 1 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 $16,059,486.
What is currently the cheapest priced home in Burbank, IL?
The cheapest home for sale in Burbank is priced at $10,979.

Living in Burbank, IL

Burbank, IL is a thriving suburb located just 16 miles southwest of downtown Chicago. Characterized by its friendly neighborhoods, ample parks, and diverse amenities, it's an ideal location for families and commuters. The area offers easy access to transportation and has a strong community feel, making it a desirable place to live.

Current Market Conditions in Burbank, IL

The Burbank real estate market has experienced steady growth over the last year, reflecting a strong demand for housing in the area. Homes are moving quickly, with many properties receiving multiple offers, indicating a competitive market. The average home price has increased, but opportunities remain for first-time homebuyers.

Currently, Burbank's real estate market features a diverse selection of homes, including single-family houses and townhomes. The neighborhood's proximity to Chicago contributes to its appeal, especially for buyers looking for affordability combined with convenient access to urban amenities.

Home Value Estimator For Burbank, IL

There are currently 8,450 real estate properties in Burbank, IL, with a median automated valuation model (AVM) price of $314,540.00. 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 $342,354.00, with the most expensive house in Burbank, IL, topping out at $16,059,486.00 and the cheapest home in Burbank, IL, clocking in at $10,979.00. 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.

Burbank, IL Foreclosures

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