Ferris, IL Foreclosures
How much do homes sell for in Ferris, IL?
The average home price is currently $65,551.
In Ferris, IL, how many homes are available?
There are currently 18 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, offers a quaint rural lifestyle surrounded by nature, making it perfect for those seeking peace and community spirit. Enjoy outdoor activities in the vicinity, along with accessibility to nearby towns for shopping and dining. The local schools are committed to providing quality education to youth in the area.
Current Market Conditions in Ferris, IL
Despite its small size, Ferris has seen a steady interest in real estate, particularly from families and retirees looking for a quieter lifestyle. The market typically features affordable homes with spacious lots, making it an attractive option for first-time buyers and investors alike.
Home prices in Ferris are generally more affordable compared to nearby urban centers, which draws individuals looking for more land and less congestion. Recent trends indicate a gradual increase in home values reflective of the growing interest in suburban living.
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 $57,106.00. 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 $65,551.00, 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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