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Cheap Homes in Downs, IL 61736

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Downs, IL Foreclosures

How much do homes sell for in Downs, IL?
The average home price is currently $326,950.
What’s the average rental cost in Downs, IL?
The average rental price in Downs is $1,775.
What is the most expensive home in Downs?
The most expensive home sold in Downs had a price of $1,259,349.
What is currently the cheapest priced home in Downs, IL?
The cheapest home for sale in Downs is priced at $19,863.

Living in Downs, IL

Downs, Illinois is a small village that offers a serene and friendly atmosphere with easy access to both urban and rural experiences. The community prioritizes education and outdoor activities, making it an excellent choice for families. With various amenities and a strong sense of community, Downs truly embodies the charm of small-town living.

Current Market Conditions in Downs, IL

The current real estate market in Downs shows a steady demand for homes, with a balanced inventory that is attracting both first-time buyers and investors. The charming character of the village combined with its proximity to Bloomington-Normal makes it an appealing location for those seeking affordability without sacrificing accessibility to major urban centers.

In recent months, there has been a noticeable increase in home sales in Downs, indicating a strong buyer interest. Median home prices are gradually rising, as more families and professionals are recognizing the value of living in this quaint community.

Home Value Estimator For Downs, IL

There are currently 798 real estate properties in Downs, IL, with a median automated valuation model (AVM) price of $302,242.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Downs, 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 Downs, IL, is $326,950.00, with the most expensive house in Downs, IL, topping out at $1,259,349.00 and the cheapest home in Downs, IL, clocking in at $19,863.00. In other words, there’s something for every potential homebuyer or savvy investor in Downs, IL!

Rent Prices In Downs, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Downs, IL, is on a rollercoaster ride. The average rent price in Downs, IL, is $1,775.00. Indeed, when looking to rent in Downs, IL, you can expect to pay as little as $970.00 or as much as $4,080.00, with the average rent median estimated to be $1,680.00. The good news is that finding an affordable and desirable property to rent in Downs, 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.

Cheap Homes in Downs, IL 61736


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