Burnt Prairie, IL Foreclosures
Current Market Conditions in in Burnt Prairie, IL As of February 2026?
Over the past month, Burnt Prairie's real estate market has seen a modest increase in home sales, with properties being listed and sold quickly, indicating a high demand among buyers. The average days on the market for homes has decreased, reflecting growing interest, possibly due to the favorable summer weather leading to more showings. A noticeable trend is the rise in prices for well-kept older homes, as buyers show a preference for character and charm in architecture.
How much do homes sell for in Burnt Prairie, IL?
The average home price is currently $141,323.
In Burnt Prairie, IL, how many homes are available?
There are currently 15 active home listings available in Burnt Prairie.
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 $585,696.
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, IL offers a quiet and picturesque setting with a strong sense of community. Residents can engage in outdoor recreational activities, close to nature with ample parks. It combines small-town charm with convenient access to nearby urban amenities.
Buyer vs Seller Market in Burnt Prairie, IL
The real estate market in Burnt Prairie is currently experiencing stable growth, with an increasing demand for homes driven by its appealing rural lifestyle and affordability compared to urban areas. Recently developed properties have attracted new residents aiming to enjoy a peaceful environment, which is helping to keep the housing market competitive.
Recently, the local market has shown a slight uptick in property values as families and retirees consider Burnt Prairie as an ideal permanent residence. The trend of remote work is also contributing to this, as more individuals seek properties in picturesque locations.
Home Value Estimator For Burnt Prairie, IL
There are currently 94 real estate properties
in Burnt Prairie, IL,
with a median automated valuation model (AVM) price
of $103,064.00. 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 $141,323.00, with the most expensive house
in Burnt Prairie, IL, topping out
at $585,696.00 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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