Living in Logan, IL
Logan, IL, is a welcoming town known for its affordable living, parks, and a strong sense of community. Its convenient location offers easy access to urban amenities while maintaining a quaint, picturesque atmosphere.
Current Market Conditions in Logan, IL
The Logan real estate market has shown resilience over the last year, with modest price increases attributed to an influx of interest from first-time homebuyers and families seeking affordable housing options. The average days on market has decreased, indicating a competitive environment, particularly for well-maintained properties.
An interesting trend observed in Logan is the growing popularity of renovated older homes, appealing to buyers who appreciate character and charm. This trend is combined with the ongoing construction of new housing developments, providing ample variety for buyers in the area.
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.
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