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Preforeclosure Homes in Fairfield, IL

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Fairfield, IL Foreclosures

How much do homes sell for in Fairfield, IL?
The average home price is currently $113,653.
In Fairfield, IL, how many homes are available?
There are currently 5 active home listings available in Fairfield.
What’s the average rental cost in Fairfield, IL?
The average rental price in Fairfield is $911.
What is the most expensive home in Fairfield?
The most expensive home sold in Fairfield had a price of $2,609,877.
What is currently the cheapest priced home in Fairfield, IL?
The cheapest home for sale in Fairfield is priced at $14,971.

Living in Fairfield, IL

Fairfield, IL, is a serene small town that combines the charm of a tight-knit community with modern conveniences. It offers a peaceful atmosphere and a variety of outdoor activities, including parks and recreational areas. The town is well-suited for families and individuals seeking a nurturing environment with access to good educational institutions.

Current Market Conditions in Fairfield, IL

The real estate market in Fairfield is currently experiencing steady growth. The town has a mix of affordable housing options and a few luxurious properties, making it an attractive investment for various buyers. Recent data suggests a balanced market with reasonable property turnover rates as demand remains consistent due to the area's appealing lifestyle.

The interest rates have dipped slightly, prompting more buyers to enter the market. As a result, the housing inventory is beginning to tighten, leading some potential buyers to act swiftly on available properties. Agents are reporting healthy interest and showings, indicating a healthy market trend. Moreover, the local community development initiatives are likely to enhance property values in the near future.

Home Value Estimator For Fairfield, IL

There are currently 2,616 real estate properties in Fairfield, IL, with a median automated valuation model (AVM) price of $94,884.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Fairfield, 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 Fairfield, IL, is $113,653.00, with the most expensive house in Fairfield, IL, topping out at $2,609,877.00 and the cheapest home in Fairfield, IL, clocking in at $14,971.00. In other words, there’s something for every potential homebuyer or savvy investor in Fairfield, IL!

Rent Prices In Fairfield, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Fairfield, IL, is on a rollercoaster ride. The average rent price in Fairfield, IL, is $911.00. Indeed, when looking to rent in Fairfield, IL, you can expect to pay as little as $530.00 or as much as $1,880.00, with the average rent median estimated to be $890.00. The good news is that finding an affordable and desirable property to rent in Fairfield, 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.

Fairfield, IL Preforeclosure Homes


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