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Preforeclosure Homes in Gillespie, IL 62033

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Living in Gillespie, IL

Gillespie is a quaint town located in Macoupin County, known for its small-town charm and rich history. The community is friendly and welcoming, providing a great environment for families and individuals looking to escape the hustle and bustle of larger cities. With access to nature and a low cost of living, Gillespie is an ideal choice for those seeking tranquility while still enjoying modern amenities.

Current Market Conditions in Gillespie, IL

The real estate market in Gillespie, IL has shown steady growth over the past few months, with a notable increase in the number of homes sold and a slight rise in prices. The demand for housing has remained strong due to the town's appealing lifestyle and affordable living costs, attracting both first-time homebuyers and those looking to downsize.

Currently, the market remains competitive, with homes often receiving multiple offers shortly after being listed. This trend reflects a broader interest in suburban living and the desire for more space. The availability of rental properties in the area is also contributing to the real estate dynamics as investors look to capitalize on the low entry costs.

Home Value Estimator For Gillespie, IL

There are currently 1,996 real estate properties in Gillespie, IL, with a median automated valuation model (AVM) price of $103,379.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gillespie, 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 Gillespie, IL, is $121,244.00, with the most expensive house in Gillespie, IL, topping out at $824,591.00 and the cheapest home in Gillespie, IL, clocking in at $8,392.00. In other words, there’s something for every potential homebuyer or savvy investor in Gillespie, IL!

Rent Prices In Gillespie, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gillespie, IL, is on a rollercoaster ride. The average rent price in Gillespie, IL, is $943.00. Indeed, when looking to rent in Gillespie, IL, you can expect to pay as little as $550.00 or as much as $1,620.00, with the average rent median estimated to be $900.00. The good news is that finding an affordable and desirable property to rent in Gillespie, 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.

Gillespie, IL 62033 Preforeclosure Homes


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