Geneva, IL Foreclosures
How much do homes sell for in Geneva, IL?
The average home price is currently $588,601.
In Geneva, IL, how many homes are available?
There are currently 176 active home listings available in Geneva.
What’s the average rental cost in Geneva, IL?
The average rental price in Geneva is $2,319.
What is the most expensive home in Geneva?
The most expensive home sold in Geneva had a price of $56,752,860.
What is currently the cheapest priced home in Geneva, IL?
The cheapest home for sale in Geneva is priced at $12,084.
Living in Geneva, IL
Geneva, located in the Fox Valley region of Illinois, is known for its picturesque downtown, rich history, and charming homes. With a vibrant community atmosphere, Geneva offers a variety of shops, restaurants, and outdoor activities along the Fox River, making it an attractive place for families and professionals alike. The city's excellent school system and numerous parks add to its appeal, creating an ideal environment for a balanced lifestyle.
Current Market Conditions in Geneva, IL
Recent trends indicate a robust real estate market in Geneva, as home values have steadily increased over the past year. The demand for homes in the area has been driven by an influx of buyers looking for family-friendly neighborhoods, good schools, and a vibrant downtown atmosphere. As a result, homes are selling faster, and bidding wars have become more common, especially for well-maintained properties in desirable locations.
In recent months, the market has shown signs of a slight cooling, with inventory levels remaining higher than earlier in the year. This has provided buyers with more options, though the competition is still fierce for homes in sought-after neighborhoods. Interest rates have begun to play a role in market behaviors, affecting affordability and buyer decisions in this dynamic landscape.
Home Value Estimator For Geneva, IL
There are currently 10,585 real estate properties
in Geneva, IL,
with a median automated valuation model (AVM) price
of $527,151.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Geneva, 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 Geneva, IL,
is $588,601.00, with the most expensive house
in Geneva, IL, topping out
at $56,752,860.00 and the cheapest home
in Geneva, IL,
clocking in at $12,084.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Geneva, IL!
Rent Prices
In Geneva, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Geneva, IL, is on
a rollercoaster ride. The
average rent price in Geneva, IL,
is $2,319.00. Indeed, when looking to rent in
Geneva, IL, you can expect to pay as little
as $1,080.00 or as much
as $4,620.00,
with the average rent median estimated to
be $2,310.00. The good news is that finding
an affordable and desirable property to rent in Geneva, 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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