Multi-family Foreclosures in Godfrey, IL

Current Market Conditions in Godfrey, IL

Godfrey's real estate market has been experiencing steady growth over the past year, with a noticeable rise in demand for homes due to the area's attractiveness for families seeking quality education and community-based living. Homes tend to move quickly, and new listings often receive multiple offers, reflecting the competitive nature of the market.

There is a diverse selection of homes available, ranging from modern constructions to charming older residences, which appeals to a variety of buyers. The average home price has increased, attributed to the overall trend of suburban migration as individuals seek more spacious living environments compared to city life.

Rent Prices In Godfrey, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Godfrey, IL, is on a rollercoaster ride. The average rent price in Godfrey, IL, is $1,253.00. Indeed, when looking to rent in Godfrey, IL, you can expect to pay as little as $540.00 or as much as $2,860.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in Godfrey, 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.