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Short Sale Listings in Georgetown, IL

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Georgetown, IL Foreclosures

How much do homes sell for in Georgetown, IL?
The average home price is currently $102,062.
In Georgetown, IL, how many homes are available?
There are currently 4 active home listings available in Georgetown.
What’s the average rental cost in Georgetown, IL?
The average rental price in Georgetown is $858.
What is the most expensive home in Georgetown?
The most expensive home sold in Georgetown had a price of $1,767,100.
What is currently the cheapest priced home in Georgetown, IL?
The cheapest home for sale in Georgetown is priced at $10,670.

Living in Georgetown, IL

Georgetown, Illinois, is a charming village characterized by its welcoming community and serene environment. Recreational opportunities abound in nearby parks, and residents benefit from a solid educational system. Its proximity to larger cities allows for convenient access to urban amenities while maintaining a quaint small-town vibe.

Current Market Conditions in Georgetown, IL

Currently, Georgetown's real estate market is showing a healthy level of activity with a balanced approach between buyers and sellers. Homes in the area remain affordable compared to larger municipalities, making it attractive for first-time homebuyers and families looking to settle down without breaking the bank. Recent trends indicate a steady increase in property values, suggesting a positive outlook for future investments.

As more individuals search for a retreat from urban living, Georgetown is witnessing a growing interest from prospective buyers. This trend is driving demand, resulting in quicker sales and competitive offers in the housing market. The local demographic is shifting, with younger families entering the market, which may influence future developments in the area.

Home Value Estimator For Georgetown, IL

There are currently 1,772 real estate properties in Georgetown, IL, with a median automated valuation model (AVM) price of $81,419.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Georgetown, 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 Georgetown, IL, is $102,062.00, with the most expensive house in Georgetown, IL, topping out at $1,767,100.00 and the cheapest home in Georgetown, IL, clocking in at $10,670.00. In other words, there’s something for every potential homebuyer or savvy investor in Georgetown, IL!

Rent Prices In Georgetown, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Georgetown, IL, is on a rollercoaster ride. The average rent price in Georgetown, IL, is $858.00. Indeed, when looking to rent in Georgetown, IL, you can expect to pay as little as $450.00 or as much as $1,840.00, with the average rent median estimated to be $820.00. The good news is that finding an affordable and desirable property to rent in Georgetown, 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.

Georgetown, IL Short Sale Listings

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