Fayetteville, IL Foreclosures
How much do homes sell for in Fayetteville, IL?
The average home price is currently $121,504.
What’s the average rental cost in Fayetteville, IL?
The average rental price in Fayetteville is $1,051.
What is the most expensive home in Fayetteville?
The most expensive home sold in Fayetteville had a price of $458,416.
What is currently the cheapest priced home in Fayetteville, IL?
The cheapest home for sale in Fayetteville is priced at $22,464.
Living in Fayetteville, IL
Fayetteville, Illinois, is a quaint village known for its family-friendly atmosphere and serene environment. With its excellent schools, ample recreational opportunities, and convenient access to amenities, it’s a great place to call home. The community spirit is strong, making it appealing for both families and retirees alike.
Current Market Conditions in Fayetteville, IL
The Fayetteville real estate market remains competitive, with an increasing demand for homes driven by the area's family-friendly environment and good schools. Properties in this area tend to sell quickly, often above list price, indicating a robust housing market that appeals to families and young professionals alike.
Recently, the market has seen a healthy influx of new listings which has provided some potential buyers with more options. However, inventory still remains tight, and homes that are well-priced and in good condition are likely to attract multiple offers, demonstrating a steadily strong market.
Home Value Estimator For Fayetteville, IL
There are currently 145 real estate properties
in Fayetteville, IL,
with a median automated valuation model (AVM) price
of $99,508.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Fayetteville, 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 Fayetteville, IL,
is $121,504.00, with the most expensive house
in Fayetteville, IL, topping out
at $458,416.00 and the cheapest home
in Fayetteville, IL,
clocking in at $22,464.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Fayetteville, IL!
Rent Prices
In Fayetteville, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Fayetteville, IL, is on
a rollercoaster ride. The
average rent price in Fayetteville, IL,
is $1,051.00. Indeed, when looking to rent in
Fayetteville, IL, you can expect to pay as little
as $650.00 or as much
as $1,370.00,
with the average rent median estimated to
be $1,070.00. The good news is that finding
an affordable and desirable property to rent in Fayetteville, 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.
Learn more on Foreclosure homes
