Cherry, IL Foreclosures
How much do homes sell for in Cherry, IL?
The average home price is currently $126,404.
What’s the average rental cost in Cherry, IL?
The average rental price in Cherry is $1,034.
What is the most expensive home in Cherry?
The most expensive home sold in Cherry had a price of $431,892.
What is currently the cheapest priced home in Cherry, IL?
The cheapest home for sale in Cherry is priced at $36,325.
Living in Cherry, IL
Cherry, Illinois, is a quaint village known for its close-knit community and serene rural charm. With its inviting atmosphere, residents can enjoy both outdoor activities and essential amenities close to home. Located in Bureau County, it offers easy access to larger neighboring cities for those seeking more urban conveniences.
Current Market Conditions in Cherry, IL
The real estate market in Cherry, IL, currently shows stable pricing trends, with a balanced mix of available housing options. Demand for homes remains consistent, and the area's affordability attracts first-time homebuyers and investors alike. Recent developments have sparked interest in the area, contributing to a gradual increase in property values.
In recent months, the market has seen slight fluctuations, but overall stability has been maintained due to the village's appeal to families and retirees, who appreciate its peaceful setting and community spirit.
Home Value Estimator For Cherry, IL
There are currently 214 real estate properties
in Cherry, IL,
with a median automated valuation model (AVM) price
of $109,754.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Cherry, 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 Cherry, IL,
is $126,404.00, with the most expensive house
in Cherry, IL, topping out
at $431,892.00 and the cheapest home
in Cherry, IL,
clocking in at $36,325.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Cherry, IL!
Rent Prices
In Cherry, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Cherry, IL, is on
a rollercoaster ride. The
average rent price in Cherry, IL,
is $1,034.00. Indeed, when looking to rent in
Cherry, IL, you can expect to pay as little
as $790.00 or as much
as $1,580.00,
with the average rent median estimated to
be $1,040.00. The good news is that finding
an affordable and desirable property to rent in Cherry, 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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