Bureau, IL Foreclosures
How much do homes sell for in Bureau, IL?
The average home price is currently $69,438.
What’s the average rental cost in Bureau, IL?
The average rental price in Bureau is $0.
What is the most expensive home in Bureau?
The most expensive home sold in Bureau had a price of $160,523.
What is currently the cheapest priced home in Bureau, IL?
The cheapest home for sale in Bureau is priced at $15,610.
Living in Bureau, IL
Bureau, Illinois is a quaint rural community known for its tight-knit atmosphere and scenic landscapes. The town offers a peaceful way of life while being a short drive from larger urban areas, allowing residents to enjoy both tranquility and accessibility. Rich in history, Bureau showcases charming older homes and offers various outdoor activities for families and nature lovers.
Current Market Conditions in Bureau, IL
The real estate market in Bureau, IL, has shown modest growth over the past year, with an increase in home values of approximately 5%. Homes in Bureau tend to sell quickly due to the limited inventory and high demand for affordable housing in the area. Buyers are attracted to the community for its low crime rate and family-friendly environment, making it an appealing location for first-time homebuyers and retirees alike.
Although the market has been stable, there are indications of increased interest from buyers looking for vacation homes as outdoor activities become more desirable post-pandemic. The market is characterized by a range of properties, from charming older homes to larger estates, appealing to a variety of buyers. Real estate professionals note that the combination of low interest rates and the allure of a peaceful lifestyle have contributed to the area's demand.
Home Value Estimator For Bureau, IL
There are currently 115 real estate properties
in Bureau, IL,
with a median automated valuation model (AVM) price
of $61,836.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Bureau, 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 Bureau, IL,
is $69,438.00, with the most expensive house
in Bureau, IL, topping out
at $160,523.00 and the cheapest home
in Bureau, IL,
clocking in at $15,610.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Bureau, IL!
Rent Prices
In Bureau, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Bureau, IL, is on
a rollercoaster ride. The
average rent price in Bureau, IL,
is $0.00. Indeed, when looking to rent in
Bureau, IL, you can expect to pay as little
as $0.00 or as much
as $0.00,
with the average rent median estimated to
be $0.00. The good news is that finding
an affordable and desirable property to rent in Bureau, 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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