Manhattan, IL Foreclosures
How much do homes sell for in Manhattan, IL?
The average home price is currently $396,924.
In Manhattan, IL, how many homes are available?
There are currently 105 active home listings available in Manhattan.
What’s the average rental cost in Manhattan, IL?
The average rental price in Manhattan is $1,921.
What is the most expensive home in Manhattan?
The most expensive home sold in Manhattan had a price of $3,115,032.
What is currently the cheapest priced home in Manhattan, IL?
The cheapest home for sale in Manhattan is priced at $13,957.
Living in Manhattan, IL
Manhattan, IL is a welcoming village known for its strong sense of community, beautiful parks, and excellent local schools. With a mix of suburban tranquility and accessibility to urban amenities, it appeals to families and professionals alike. Outdoor enthusiasts can enjoy various recreational activities, while local shops and restaurants enhance the overall quality of life.
Current Market Conditions in Manhattan, IL
The real estate market in Manhattan, IL has seen steady growth over the past few years as more people are attracted to the village's affordable housing, family-friendly amenities, and quality schools. The inventory of homes has remained relatively low, contributing to competitive pricing among buyers.
Recent trends indicate a shift towards more buyers looking for single-family homes with outdoor space and home offices, reflecting changes in work-from-home arrangements.
Overall, the demand for residential properties remains strong, with rising prices and quick sales, making it a vibrant area for both buyers and investors.
Home Value Estimator For Manhattan, IL
There are currently 4,723 real estate properties
in Manhattan, IL,
with a median automated valuation model (AVM) price
of $391,074.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Manhattan, 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 Manhattan, IL,
is $396,924.00, with the most expensive house
in Manhattan, IL, topping out
at $3,115,032.00 and the cheapest home
in Manhattan, IL,
clocking in at $13,957.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Manhattan, IL!
Rent Prices
In Manhattan, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Manhattan, IL, is on
a rollercoaster ride. The
average rent price in Manhattan, IL,
is $1,921.00. Indeed, when looking to rent in
Manhattan, IL, you can expect to pay as little
as $620.00 or as much
as $3,680.00,
with the average rent median estimated to
be $1,910.00. The good news is that finding
an affordable and desirable property to rent in Manhattan, 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
