Ferris, IL Foreclosures
How much do homes sell for in Ferris, IL?
The average home price is currently $61,789.
In Ferris, IL, how many homes are available?
There are currently 17 active home listings available in Ferris.
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 quaint town that boasts a tight-knit community surrounded by beautiful Illinois farmland. Its friendly atmosphere, strong educational opportunities, and low crime rates make it an appealing choice for families looking for a peaceful place to call home. With ample outdoor activities and local amenities, Ferris balances small-town charm with convenient access to larger urban centers.
Current Market Conditions in Ferris, IL
The real estate market in Ferris, IL is currently stable, with moderate activity and an increase in interest from buyers looking for affordable housing options. The median home prices have shown a slight upward trend, indicating a growing demand for properties in the area. Investors looking for rental properties will find diverse options, appealing to both young professionals and families alike.
There is a consistent interest in homes primarily due to the area's attractive living conditions and the potential for appreciation over time. The local government and community organizations are committed to improving the region, making it an enticing market for both first-time home buyers and investors.
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 $57,027.00. 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 $61,789.00, 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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