Ellis Grove, IL Foreclosures
How much do homes sell for in Ellis Grove, IL?
The average home price is currently $127,914.
In Ellis Grove, IL, how many homes are available?
There are currently 52 active home listings available in Ellis Grove.
What’s the average rental cost in Ellis Grove, IL?
The average rental price in Ellis Grove is $989.
What is the most expensive home in Ellis Grove?
The most expensive home sold in Ellis Grove had a price of $507,241.
What is currently the cheapest priced home in Ellis Grove, IL?
The cheapest home for sale in Ellis Grove is priced at $12,450.
Living in Ellis Grove, IL
Ellis Grove, IL, is a charming village with a strong community focus and a tranquil atmosphere. Known for its outdoor activities and historical significance, it is an ideal location for families and retirees. The area boasts well-rated schools and a variety of recreational options, creating a unique blend of tranquility and engagement.
Current Market Conditions in Ellis Grove, IL
The real estate market in Ellis Grove has shown steady growth over recent years, driven by an increase in demand for rural properties. Home prices have appreciated slowly but consistently, making it an attractive investment location for those looking to capitalize on the growing interest in smaller communities.
Investors can find opportunities in both residential and agricultural properties, with lower competition compared to urban areas. As more individuals seek out rural living options, Ellis Grove is poised for continued appreciation in property values.
Home Value Estimator For Ellis Grove, IL
There are currently 297 real estate properties
in Ellis Grove, IL,
with a median automated valuation model (AVM) price
of $118,559.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Ellis Grove, 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 Ellis Grove, IL,
is $127,914.00, with the most expensive house
in Ellis Grove, IL, topping out
at $507,241.00 and the cheapest home
in Ellis Grove, IL,
clocking in at $12,450.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Ellis Grove, IL!
Rent Prices
In Ellis Grove, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Ellis Grove, IL, is on
a rollercoaster ride. The
average rent price in Ellis Grove, IL,
is $989.00. Indeed, when looking to rent in
Ellis Grove, IL, you can expect to pay as little
as $430.00 or as much
as $1,990.00,
with the average rent median estimated to
be $960.00. The good news is that finding
an affordable and desirable property to rent in Ellis Grove, 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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