Burnham, IL Foreclosures
How much do homes sell for in Burnham, IL?
The average home price is currently $169,076.
In Burnham, IL, how many homes are available?
There are currently 7 active home listings available in Burnham.
What’s the average rental cost in Burnham, IL?
The average rental price in Burnham is $1,215.
What is the most expensive home in Burnham?
The most expensive home sold in Burnham had a price of $996,132.
What is currently the cheapest priced home in Burnham, IL?
The cheapest home for sale in Burnham is priced at $11,600.
Living in Burnham, IL
Burnham, IL is a peaceful suburban village that offers a perfect balance of community living and urban access. Located just outside Chicago, it boasts a variety of amenities including local parks and schools, making it an ideal place for families. Affordable housing options and a friendly atmosphere contribute to its charm.
Current Market Conditions in Burnham, IL
The real estate market in Burnham, IL shows steady growth, with home values appreciating at a modest pace. This is attributed to its proximity to Chicago coupled with relatively affordable property prices, attracting a mix of families and first-time buyers.
Burnham is becoming increasingly popular among those seeking affordable suburban living while still being close to urban conveniences. Rental demand has also seen an uptick, indicating a healthy market balance between buyers and renters.
Home Value Estimator For Burnham, IL
There are currently 953 real estate properties
in Burnham, IL,
with a median automated valuation model (AVM) price
of $175,571.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Burnham, 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 Burnham, IL,
is $169,076.00, with the most expensive house
in Burnham, IL, topping out
at $996,132.00 and the cheapest home
in Burnham, IL,
clocking in at $11,600.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Burnham, IL!
Rent Prices
In Burnham, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Burnham, IL, is on
a rollercoaster ride. The
average rent price in Burnham, IL,
is $1,215.00. Indeed, when looking to rent in
Burnham, IL, you can expect to pay as little
as $790.00 or as much
as $2,110.00,
with the average rent median estimated to
be $1,260.00. The good news is that finding
an affordable and desirable property to rent in Burnham, 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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