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Foreclosure Homes in Gillespie, IL

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Gillespie, IL Foreclosures

How much do homes sell for in Gillespie, IL?
The average home price is currently $118,459.
In Gillespie, IL, how many homes are available?
There are currently 12 active home listings available in Gillespie.
What’s the average rental cost in Gillespie, IL?
The average rental price in Gillespie is $943.
What is the most expensive home in Gillespie?
The most expensive home sold in Gillespie had a price of $806,995.
What is currently the cheapest priced home in Gillespie, IL?
The cheapest home for sale in Gillespie is priced at $8,392.

Living in Gillespie, IL

Gillespie, IL is a charming small town known for its friendly community and serene living environment. With essential amenities, schools, and beautiful parks, it provides an ideal location for families and individuals seeking a quiet lifestyle. Conveniently located near larger urban areas, Gillespie balances tranquility with accessibility.

Current Market Conditions in Gillespie, IL

The real estate market in Gillespie is currently experiencing moderate growth, with an increasing demand for affordable housing. Many buyers are attracted to the lower prices compared to nearby larger cities, making it an appealing opportunity for investors looking to enter the market.

The inventory of homes remains relatively stable, but the competitive pricing is driving new interest among both first-time homebuyers and seasoned investors. As the town’s community programs and local businesses thrive, property values are expected to appreciate.

Home Value Estimator For Gillespie, IL

There are currently 1,993 real estate properties in Gillespie, IL, with a median automated valuation model (AVM) price of $98,977.00. 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 $118,459.00, with the most expensive house in Gillespie, IL, topping out at $806,995.00 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 Foreclosures


Market Trend for Gillespie, IL

Total Listings Available: 12

Market Values:

Home Prices from $8,392 to $806,995

Average Sales Price: $118,459

Rental Values:

Rental from $550 to $1,620

Average Rent Value: $943 / month

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