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Preforeclosure Homes in Burnham, IL

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Living in Burnham, IL

Burnham, IL is a small village situated in Cook County, just south of Chicago. It features a close-knit community, ample green spaces, and easy access to major transportation routes. Local amenities and services make this an appealing choice for families and commuters alike.

Current Market Conditions in Burnham, IL

The real estate market in Burnham is currently stable, with steady property values and a mix of single-family homes and apartments. The demand for housing remains strong due to the village's affordable pricing relative to nearby Chicago, making it an attractive option for first-time buyers and investors alike. While the inventory of homes remains limited, newly renovated properties have garnered significant interest among buyers.

Home Value Estimator For Burnham, IL

There are currently 951 real estate properties in Burnham, IL, with a median automated valuation model (AVM) price of $172,484.00. 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 $168,356.00, with the most expensive house in Burnham, IL, topping out at $996,071.00 and the cheapest home in Burnham, IL, clocking in at $11,900.00. 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.

Burnham, IL Preforeclosure Homes


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