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 quaint and welcoming community known for its rural charm and family-friendly atmosphere. Residents benefit from local amenities, parks for outdoor activities, and a strong sense of community. Convenient access to larger nearby cities adds to the appeal of living in this small town.
Current Market Conditions in Dorchester, IL
Currently, the Dorchester real estate market is stable, with a fair mix of buyers and sellers. Home prices have shown moderate growth over recent months, reflecting the desirability of small-town living. The average home tends to have a price point conducive to first-time buyers and families looking for an affordable housing option.
The trend towards remote work has also bolstered interest in Dorchester, as individuals search for homes with more space away from crowded urban centers. As a result, there's an increasing demand for housing in this quiet area, leading to 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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