Burnham, IL Foreclosures
How much do homes sell for in Burnham, IL?
The average home price is currently $168,582.
In Burnham, IL, how many homes are available?
There are currently 3 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 $991,716.
What is currently the cheapest priced home in Burnham, IL?
The cheapest home for sale in Burnham is priced at $23,157.
Living in Burnham, IL
Burnham, IL, is a small suburban village located near Chicago, known for its friendly community and accessible amenities. Residents enjoy a suburban lifestyle combined with proximity to urban conveniences. The area boasts quality schools, local parks, and community events, making it a perfect home for families and individuals alike.
Current Market Conditions in Burnham, IL
The real estate market in Burnham has shown positive growth trends over the last year, with increased demand for homes due to its affordable housing options and convenient location near Chicago. Homebuyers are attracted to the area due to reasonable price points compared to the surrounding regions, making it a target for first-time homeowners and families.
As more people seek out suburban living away from the hustle of city life, Burnham's market has seen a slight increase in home values, particularly in single-family homes. The overall market remains competitive with a good inventory of homes available for sale.
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 $175,148.00. 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 $168,582.00, with the most expensive house
in Burnham, IL, topping out
at $991,716.00 and the cheapest home
in Burnham, IL,
clocking in at $23,157.00. 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.
Learn more on Foreclosure homes
