Lovejoy, IL Foreclosures
How much do homes sell for in Lovejoy, IL?
The average home price is currently $50,057.
In Lovejoy, IL, how many homes are available?
There are currently 86 active home listings available in Lovejoy.
What’s the average rental cost in Lovejoy, IL?
The average rental price in Lovejoy is $670.
What is the most expensive home in Lovejoy?
The most expensive home sold in Lovejoy had a price of $235,975.
What is currently the cheapest priced home in Lovejoy, IL?
The cheapest home for sale in Lovejoy is priced at $10,200.
Living in Lovejoy, IL
Lovejoy, IL is a quaint small town that combines a tight-knit community with access to essential amenities and outdoor activities. Residents enjoy a variety of parks and recreational options, making it suitable for families and nature lovers alike. The convenient location allows for easy transportation to nearby urban areas.
Current Market Conditions in Lovejoy, IL
The real estate market in Lovejoy is currently experiencing a moderate increase in property demand, driven mainly by families looking for affordable housing in a friendly community. The area's charm and amenities contribute to a steadier market, with a noticeable uptick in home renovations as buyers invest in property improvements.
The market has shown stability over the past several months, with houses selling at a consistent pace, which suggests growing interest in the area. This trend may continue as more people discover the appeal of small-town living with urban accessibility.
Home Value Estimator For Lovejoy, IL
There are currently 137 real estate properties
in Lovejoy, IL,
with a median automated valuation model (AVM) price
of $41,656.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lovejoy, 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 Lovejoy, IL,
is $50,057.00, with the most expensive house
in Lovejoy, IL, topping out
at $235,975.00 and the cheapest home
in Lovejoy, IL,
clocking in at $10,200.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lovejoy, IL!
Rent Prices
In Lovejoy, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lovejoy, IL, is on
a rollercoaster ride. The
average rent price in Lovejoy, IL,
is $670.00. Indeed, when looking to rent in
Lovejoy, IL, you can expect to pay as little
as $540.00 or as much
as $1,220.00,
with the average rent median estimated to
be $640.00. The good news is that finding
an affordable and desirable property to rent in Lovejoy, 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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