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Cheap Homes in Inverness, IL

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Inverness, IL Foreclosures

How much do homes sell for in Inverness, IL?
The average home price is currently $817,415.
What’s the average rental cost in Inverness, IL?
The average rental price in Inverness is $3,198.
What is the most expensive home in Inverness?
The most expensive home sold in Inverness had a price of $3,006,426.
What is currently the cheapest priced home in Inverness, IL?
The cheapest home for sale in Inverness is priced at $22,923.

Living in Inverness, IL

Inverness, IL is an exclusive suburban village offering a particularly serene and upscale living environment. With its natural beauty and lavish homes, it is ideal for families and individuals seeking a peaceful lifestyle. The area offers extensive recreational opportunities, including parks, trails, and proximity to Chicago.

Current Market Conditions in Inverness, IL

The real estate market in Inverness has been robust, with a consistent demand for high-end properties. The scenic surroundings and quality of life continue to attract buyers looking for luxury homes, resulting in increasing property values in recent years.

Inventory levels remain low, creating a competitive market for potential homebuyers. Many listings experience bidding wars, further driving up prices as families and individuals seek the advantages offered by this attractive suburban community.

Home Value Estimator For Inverness, IL

There are currently 3,169 real estate properties in Inverness, IL, with a median automated valuation model (AVM) price of $764,650.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Inverness, 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 Inverness, IL, is $817,415.00, with the most expensive house in Inverness, IL, topping out at $3,006,426.00 and the cheapest home in Inverness, IL, clocking in at $22,923.00. In other words, there’s something for every potential homebuyer or savvy investor in Inverness, IL!

Rent Prices In Inverness, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Inverness, IL, is on a rollercoaster ride. The average rent price in Inverness, IL, is $3,198.00. Indeed, when looking to rent in Inverness, IL, you can expect to pay as little as $1,270.00 or as much as $5,420.00, with the average rent median estimated to be $3,150.00. The good news is that finding an affordable and desirable property to rent in Inverness, 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.

Cheap Homes in Inverness, IL


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