Forest City, IL Foreclosures
How much do homes sell for in Forest City, IL?
The average home price is currently $115,682.
In Forest City, IL, how many homes are available?
There are currently 1 active home listings available in Forest City.
What’s the average rental cost in Forest City, IL?
The average rental price in Forest City is $886.
What is the most expensive home in Forest City?
The most expensive home sold in Forest City had a price of $626,144.
What is currently the cheapest priced home in Forest City, IL?
The cheapest home for sale in Forest City is priced at $10,940.
Living in Forest City, IL
Forest City, IL is a quaint town that offers a peaceful lifestyle surrounded by nature. The area boasts beautiful parks, a strong sense of community, and access to quality education. With its rich history and local amenities, Forest City is an attractive place for families and nature lovers alike.
Current Market Conditions in Forest City, IL
The real estate market in Forest City has shown steady growth over the past year. Properties are selling at a healthy pace, indicating a favorable market for both buyers and sellers. The demand for homes in this area is driven by the town's charming ambiance and its appeal to families seeking a quiet, suburban lifestyle.
Currently, the market is experiencing an influx of new listings as interest in the area grows, leading to a diverse selection of homes available at various price points. With the average time on the market decreasing, buyers are encouraged to act quickly when they find a property they like.
Home Value Estimator For Forest City, IL
There are currently 202 real estate properties
in Forest City, IL,
with a median automated valuation model (AVM) price
of $71,504.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Forest City, 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 Forest City, IL,
is $115,682.00, with the most expensive house
in Forest City, IL, topping out
at $626,144.00 and the cheapest home
in Forest City, IL,
clocking in at $10,940.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Forest City, IL!
Rent Prices
In Forest City, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Forest City, IL, is on
a rollercoaster ride. The
average rent price in Forest City, IL,
is $886.00. Indeed, when looking to rent in
Forest City, IL, you can expect to pay as little
as $530.00 or as much
as $1,800.00,
with the average rent median estimated to
be $790.00. The good news is that finding
an affordable and desirable property to rent in Forest City, 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
