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 79 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 town with a strong sense of community and beautiful natural surroundings. It offers a peaceful lifestyle with access to outdoor activities in the nearby Shawnee National Forest. Ideal for families and retirees, Gorham combines small-town charm with a country atmosphere.
Current Market Conditions in Gorham, IL
The real estate market in Gorham is characterized by a low inventory of homes, which has kept prices stable and often led to bidding wars for desirable properties. With many buyers seeking the quiet and serene lifestyle Gorham offers, demand remains consistent.
Recently, there has been an increase in interest from homebuyers seeking to escape urban areas, which has increased the overall property values as people recognize the appeal of rural living, making Gorham an attractive location for investment.
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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