Single-family Foreclosures in Gillespie, IL 62033

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.

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.