Franklin, IL Foreclosures
How much do homes sell for in Franklin, IL?
The average home price is currently $136,377.
In Franklin, IL, how many homes are available?
There are currently 1 active home listings available in Franklin.
What’s the average rental cost in Franklin, IL?
The average rental price in Franklin is $1,036.
What is the most expensive home in Franklin?
The most expensive home sold in Franklin had a price of $636,365.
What is currently the cheapest priced home in Franklin, IL?
The cheapest home for sale in Franklin is priced at $10,435.
Living in Franklin, IL
Franklin, IL, is a quaint small town characterized by its friendly community, beautiful parks, and local amenities. The area offers a blend of peaceful rural living with access to essential services and a strong emphasis on education. Its charm is enhanced by various recreational activities that make it suitable for families and outdoor enthusiasts alike.
Current Market Conditions in Franklin, IL
The current real estate market in Franklin, IL, is showing signs of steady growth. As more people seek the tranquility of small-town life, there is an increasing demand for homes in the area. This demand has led to a slight increase in home prices, with properties seeing multiple offers during the listing period.
Buyers are attracted to the affordability and space that Franklin provides, compared to larger metropolitan areas. New listings are emerging, and the market reflects a balanced status where buyers and sellers are finding common ground.
Home Value Estimator For Franklin, IL
There are currently 464 real estate properties
in Franklin, IL,
with a median automated valuation model (AVM) price
of $121,265.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Franklin, 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 Franklin, IL,
is $136,377.00, with the most expensive house
in Franklin, IL, topping out
at $636,365.00 and the cheapest home
in Franklin, IL,
clocking in at $10,435.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Franklin, IL!
Rent Prices
In Franklin, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Franklin, IL, is on
a rollercoaster ride. The
average rent price in Franklin, IL,
is $1,036.00. Indeed, when looking to rent in
Franklin, IL, you can expect to pay as little
as $580.00 or as much
as $1,750.00,
with the average rent median estimated to
be $1,030.00. The good news is that finding
an affordable and desirable property to rent in Franklin, 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
