Ferris, IL Foreclosures
How much do homes sell for in Ferris, IL?
The average home price is currently $63,067.
What’s the average rental cost in Ferris, IL?
The average rental price in Ferris is $835.
What is the most expensive home in Ferris?
The most expensive home sold in Ferris had a price of $186,399.
What is currently the cheapest priced home in Ferris, IL?
The cheapest home for sale in Ferris is priced at $31,691.
Living in Ferris, IL
Ferris, IL is a charming small town that offers a peaceful lifestyle combined with a strong community atmosphere. Enjoy close-knit neighborhoods with beautiful homes and local amenities that cater to daily needs. With parks and recreational areas nearby, Ferris is an excellent place for those looking to enjoy a serene and family-friendly environment.
Current Market Conditions in Ferris, IL
Ferris, IL is witnessing a steady growth in its real estate market, fueled by the appeal of its peaceful surroundings and affordability compared to nearby urban centers. The diversity in housing options, ranging from modest single-family homes to larger properties, attracts a variety of buyers, including young families, retirees, and first-time homebuyers. As remote work continues to gain popularity, more people are exploring rural living, further stimulating demand in the area.
Properties are selling faster than in previous years, highlighting an increase in buyer interest and competition. As more individuals seek out the charm and tranquility of small-town living, we anticipate a continued upward trend in market activity.
Home Value Estimator For Ferris, IL
There are currently 29 real estate properties
in Ferris, IL,
with a median automated valuation model (AVM) price
of $56,538.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Ferris, 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 Ferris, IL,
is $63,067.00, with the most expensive house
in Ferris, IL, topping out
at $186,399.00 and the cheapest home
in Ferris, IL,
clocking in at $31,691.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Ferris, IL!
Rent Prices
In Ferris, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Ferris, IL, is on
a rollercoaster ride. The
average rent price in Ferris, IL,
is $835.00. Indeed, when looking to rent in
Ferris, IL, you can expect to pay as little
as $700.00 or as much
as $1,210.00,
with the average rent median estimated to
be $760.00. The good news is that finding
an affordable and desirable property to rent in Ferris, 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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