Eldred, IL Foreclosures
How much do homes sell for in Eldred, IL?
The average home price is currently $86,477.
What’s the average rental cost in Eldred, IL?
The average rental price in Eldred is $897.
What is the most expensive home in Eldred?
The most expensive home sold in Eldred had a price of $257,674.
What is currently the cheapest priced home in Eldred, IL?
The cheapest home for sale in Eldred is priced at $20,709.
Living in Eldred, IL
Eldred, IL is a charming small town known for its peaceful rural lifestyle and strong community ties. Residents enjoy outdoor activities by the nearby Illinois River and have access to local parks. Despite its modest size, Eldred provides a welcoming atmosphere and a glimpse into authentic small-town life.
Current Market Conditions in Eldred, IL
The current real estate market in Eldred is relatively stable, with property values holding steady. Inventory remains limited, which has contributed to a competitive environment for buyers. Despite this, the affordability of homes in the area attracts many first-time buyers and those looking for a quieter lifestyle.
As the demand for rural properties has increased, Eldred has seen a slight upward trend in home prices over the past year. The market is characterized by modest price points, making it accessible for a range of buyers, including retirees and young families.
Home Value Estimator For Eldred, IL
There are currently 90 real estate properties
in Eldred, IL,
with a median automated valuation model (AVM) price
of $70,049.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Eldred, 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 Eldred, IL,
is $86,477.00, with the most expensive house
in Eldred, IL, topping out
at $257,674.00 and the cheapest home
in Eldred, IL,
clocking in at $20,709.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Eldred, IL!
Rent Prices
In Eldred, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Eldred, IL, is on
a rollercoaster ride. The
average rent price in Eldred, IL,
is $897.00. Indeed, when looking to rent in
Eldred, IL, you can expect to pay as little
as $770.00 or as much
as $1,300.00,
with the average rent median estimated to
be $860.00. The good news is that finding
an affordable and desirable property to rent in Eldred, 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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