Gorham, IL Foreclosures
How much do homes sell for in Gorham, IL?
The average home price is currently $103,410.
In Gorham, IL, how many homes are available?
There are currently 82 active home listings available in Gorham.
What’s the average rental cost in Gorham, IL?
The average rental price in Gorham is $900.
What is the most expensive home in Gorham?
The most expensive home sold in Gorham had a price of $584,595.
What is currently the cheapest priced home in Gorham, IL?
The cheapest home for sale in Gorham is priced at $12,360.
Living in Gorham, IL
Gorham, IL is a quaint rural community that offers a serene lifestyle surrounded by nature. It boasts outdoor recreational opportunities in the nearby Shawnee National Forest and a strong sense of community. Residents enjoy a peaceful environment along with essential local amenities and services.
Current Market Conditions in Gorham, IL
The real estate market in Gorham has remained stable over the past few months, with a slight increase in housing demand as more individuals seek rural retreats. Prices have held steady, appealing to both first-time homebuyers and those looking for vacation homes. The affordability in comparison to larger cities makes it a desirable location for families and retirees alike.
Recent trends indicate a growing interest in Gorham from individuals relocating from urban areas, drawn by the charm and natural amenities. This influx is beginning to influence home prices positively, although they still remain lower than the state average.
In particular, single-family homes are seeing increased interest, with many buyers looking for larger lots and outdoor space.
Home Value Estimator For Gorham, IL
There are currently 173 real estate properties
in Gorham, IL,
with a median automated valuation model (AVM) price
of $69,052.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Gorham, 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 Gorham, IL,
is $103,410.00, with the most expensive house
in Gorham, IL, topping out
at $584,595.00 and the cheapest home
in Gorham, IL,
clocking in at $12,360.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Gorham, IL!
Rent Prices
In Gorham, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Gorham, IL, is on
a rollercoaster ride. The
average rent price in Gorham, IL,
is $900.00. Indeed, when looking to rent in
Gorham, IL, you can expect to pay as little
as $600.00 or as much
as $1,960.00,
with the average rent median estimated to
be $850.00. The good news is that finding
an affordable and desirable property to rent in Gorham, 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.
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