Logan, IL Foreclosures
How much do homes sell for in Logan, IL?
The average home price is currently $71,754.
In Logan, IL, how many homes are available?
There are currently 93 active home listings available in Logan.
What’s the average rental cost in Logan, IL?
The average rental price in Logan is $1,071.
What is the most expensive home in Logan?
The most expensive home sold in Logan had a price of $351,303.
What is currently the cheapest priced home in Logan, IL?
The cheapest home for sale in Logan is priced at $11,412.
Living in Logan, IL
Logan, IL is a quaint village located just a short drive from the bustling city of Chicago. With its friendly community and lush parks, it offers a balanced lifestyle for its residents. Ideal for families and nature lovers, Logan features excellent schools and numerous outdoor activities to enjoy.
Current Market Conditions in Logan, IL
The real estate market in Logan is currently experiencing steady growth, with a mild increase in home prices due to the rising demand for suburban living. The average days on market have also decreased, indicating that properties are selling faster as more families seek homes in a community-oriented environment. With the ongoing interest in suburban areas post-pandemic, Logan is emerging as a desirable location for homebuyers looking for both affordability and quality of life.
The market has shown signs of stability over the past few months, with inventory levels currently on the rise. This shift is allowing for more options for buyers, which may help balance out prices going forward. Rental properties are also in demand here, attracting a mix of tenants and contributing to a diverse housing market.
Home Value Estimator For Logan, IL
There are currently 80 real estate properties
in Logan, IL,
with a median automated valuation model (AVM) price
of $52,293.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Logan, 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 Logan, IL,
is $71,754.00, with the most expensive house
in Logan, IL, topping out
at $351,303.00 and the cheapest home
in Logan, IL,
clocking in at $11,412.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Logan, IL!
Rent Prices
In Logan, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Logan, IL, is on
a rollercoaster ride. The
average rent price in Logan, IL,
is $1,071.00. Indeed, when looking to rent in
Logan, IL, you can expect to pay as little
as $940.00 or as much
as $1,950.00,
with the average rent median estimated to
be $1,030.00. The good news is that finding
an affordable and desirable property to rent in Logan, 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.
Learn more on Foreclosure homes
