Edgewood, IL Foreclosures
How much do homes sell for in Edgewood, IL?
The average home price is currently $118,610.
In Edgewood, IL, how many homes are available?
There are currently 34 active home listings available in Edgewood.
What’s the average rental cost in Edgewood, IL?
The average rental price in Edgewood is $941.
What is the most expensive home in Edgewood?
The most expensive home sold in Edgewood had a price of $1,896,218.
What is currently the cheapest priced home in Edgewood, IL?
The cheapest home for sale in Edgewood is priced at $11,969.
Living in Edgewood, IL
Edgewood, IL is a charming village that offers a serene lifestyle with close-knit community vibes. Residents enjoy access to beautiful parks, great schools, and a variety of recreational activities. The location is ideal for families looking for a safe and welcoming environment with easy connectivity to urban amenities.
Current Market Conditions in Edgewood, IL
Edgewood's real estate market is currently experiencing steady growth, with an increase in demand for single-family homes as families look for serene suburban living. The average home prices in the area have shown stability, with modest appreciation rates, making it an attractive option for both buyers and investors. New developments and renovations are seen as emerging trends in the community.
As more individuals seek refuge from densely populated urban areas, Edgewood has become a popular choice among homebuyers. The demand for larger homes with outdoor spaces has risen, and there are indications of increasing competition among buyers, suggesting a favorable market for sellers.
Home Value Estimator For Edgewood, IL
There are currently 334 real estate properties
in Edgewood, IL,
with a median automated valuation model (AVM) price
of $86,800.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Edgewood, 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 Edgewood, IL,
is $118,610.00, with the most expensive house
in Edgewood, IL, topping out
at $1,896,218.00 and the cheapest home
in Edgewood, IL,
clocking in at $11,969.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Edgewood, IL!
Rent Prices
In Edgewood, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Edgewood, IL, is on
a rollercoaster ride. The
average rent price in Edgewood, IL,
is $941.00. Indeed, when looking to rent in
Edgewood, IL, you can expect to pay as little
as $580.00 or as much
as $1,380.00,
with the average rent median estimated to
be $910.00. The good news is that finding
an affordable and desirable property to rent in Edgewood, 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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