Ludlow, IL Foreclosures
How much do homes sell for in Ludlow, IL?
The average home price is currently $162,012.
What’s the average rental cost in Ludlow, IL?
The average rental price in Ludlow is $1,155.
What is the most expensive home in Ludlow?
The most expensive home sold in Ludlow had a price of $712,213.
What is currently the cheapest priced home in Ludlow, IL?
The cheapest home for sale in Ludlow is priced at $10,037.
Living in Ludlow, IL
Ludlow, IL is a charming village offering a blend of community spirit and rural tranquility. It's a perfect place for families and retirees seeking a peaceful lifestyle while having easy access to urban amenities. With friendly neighbors and essential services nearby, Ludlow provides a perfect home for those wanting to escape the hustle and bustle of city life.
Current Market Conditions in Ludlow, IL
The real estate market in Ludlow is currently experiencing a steady demand for housing, driven by individuals and families attracted to the peaceful environment and affordability compared to nearby urban areas. Home prices have remained stable, making it an appealing option for first-time buyers or those looking to downsize.
As of now, there has been an uptick in interest from buyers looking for rural retreats, which may lead to increased activity in the market. However, inventory remains limited, thus maintaining the balance between demand and available homes.
Home Value Estimator For Ludlow, IL
There are currently 245 real estate properties
in Ludlow, IL,
with a median automated valuation model (AVM) price
of $126,667.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Ludlow, 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 Ludlow, IL,
is $162,012.00, with the most expensive house
in Ludlow, IL, topping out
at $712,213.00 and the cheapest home
in Ludlow, IL,
clocking in at $10,037.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Ludlow, IL!
Rent Prices
In Ludlow, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Ludlow, IL, is on
a rollercoaster ride. The
average rent price in Ludlow, IL,
is $1,155.00. Indeed, when looking to rent in
Ludlow, IL, you can expect to pay as little
as $620.00 or as much
as $2,620.00,
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 Ludlow, 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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