Burnt Prairie, IL Foreclosures
How much do homes sell for in Burnt Prairie, IL?
The average home price is currently $136,751.
What’s the average rental cost in Burnt Prairie, IL?
The average rental price in Burnt Prairie is $879.
What is the most expensive home in Burnt Prairie?
The most expensive home sold in Burnt Prairie had a price of $619,748.
What is currently the cheapest priced home in Burnt Prairie, IL?
The cheapest home for sale in Burnt Prairie is priced at $24,407.
Living in Burnt Prairie, IL
Burnt Prairie, Illinois, is a quaint rural community offering a tranquil lifestyle surrounded by scenic landscapes. The area is characterized by its friendly atmosphere, making it an ideal place for families looking for a tight-knit community. With outdoor activities and access to larger nearby towns, it perfectly balances rural living with convenience.
Current Market Conditions in Burnt Prairie, IL
Currently, the real estate market in Burnt Prairie shows signs of steady growth. Properties are relatively affordable compared to urban areas, and buyers are increasingly interested in the peaceful living that the area provides. Limited inventory can lead to competition among buyers, particularly for family homes and cozy retreats.
There has been a noticeable trend of urban residents seeking out rural properties over the past few years, reinforcing the appeal of Burnt Prairie as a desirable place to live. As more people recognize the value of peaceful living spaces, property values may see consistent appreciation.
Home Value Estimator For Burnt Prairie, IL
There are currently 78 real estate properties
in Burnt Prairie, IL,
with a median automated valuation model (AVM) price
of $88,542.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Burnt Prairie, 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 Burnt Prairie, IL,
is $136,751.00, with the most expensive house
in Burnt Prairie, IL, topping out
at $619,748.00 and the cheapest home
in Burnt Prairie, IL,
clocking in at $24,407.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Burnt Prairie, IL!
Rent Prices
In Burnt Prairie, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Burnt Prairie, IL, is on
a rollercoaster ride. The
average rent price in Burnt Prairie, IL,
is $879.00. Indeed, when looking to rent in
Burnt Prairie, IL, you can expect to pay as little
as $710.00 or as much
as $1,550.00,
with the average rent median estimated to
be $860.00. The good news is that finding
an affordable and desirable property to rent in Burnt Prairie, 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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