Dorchester, IL Foreclosures
How much do homes sell for in Dorchester, IL?
The average home price is currently $117,822.
What’s the average rental cost in Dorchester, IL?
The average rental price in Dorchester is $880.
What is the most expensive home in Dorchester?
The most expensive home sold in Dorchester had a price of $275,239.
What is currently the cheapest priced home in Dorchester, IL?
The cheapest home for sale in Dorchester is priced at $21,690.
Living in Dorchester, IL
Dorchester, IL, is a serene and welcoming village characterized by its strong community and rural charm. Its residents enjoy a peaceful lifestyle while benefiting from local amenities and nearby recreational opportunities. With good educational institutions and friendly neighbors, it's an ideal place for families and individuals looking for a quiet yet connected community.
Current Market Conditions in Dorchester, IL
The real estate market in Dorchester remains stable, with an increasing interest from buyers seeking affordable housing options. Home values have seen a gradual appreciation as more people look to escape urban living for the tranquility and space that Dorchester offers, which is attracting first-time homeowners and investors alike.
Recent trends indicate a shift towards family-sized homes, with a growing demand for properties that feature outdoor space. The village is attracting buyers who appreciate the community-oriented atmosphere and the allure of small-town living, helping to bolster a competitive market.
Home Value Estimator For Dorchester, IL
There are currently 62 real estate properties
in Dorchester, IL,
with a median automated valuation model (AVM) price
of $108,815.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Dorchester, 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 Dorchester, IL,
is $117,822.00, with the most expensive house
in Dorchester, IL, topping out
at $275,239.00 and the cheapest home
in Dorchester, IL,
clocking in at $21,690.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Dorchester, IL!
Rent Prices
In Dorchester, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Dorchester, IL, is on
a rollercoaster ride. The
average rent price in Dorchester, IL,
is $880.00. Indeed, when looking to rent in
Dorchester, IL, you can expect to pay as little
as $670.00 or as much
as $1,380.00,
with the average rent median estimated to
be $860.00. The good news is that finding
an affordable and desirable property to rent in Dorchester, 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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