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Short Sale Listings in Manhattan, IL

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Living in Manhattan, IL

Manhattan, IL is a growing suburban area characterized by family-friendly amenities, easy access to recreational activities, and a strong educational foundation. It offers a peaceful living environment while being close to urban conveniences. With its thriving community and strong real estate trends, it’s an ideal location for investors.

Current Market Conditions in Manhattan, IL

The real estate market in Manhattan has shown steady growth over the years, with an increasing demand for single-family homes as more families move to the area for its quality schools and suburban charm. The average home prices have appreciated, making it a lucrative option for investors.

Investors can benefit from a diverse market with a mix of affordable homes and more upscale options, catering to various segments of buyers. Given the continuous development and favorable market trends, Manhattan remains an attractive investment opportunity.

Home Value Estimator For Manhattan, IL

There are currently 4,720 real estate properties in Manhattan, IL, with a median automated valuation model (AVM) price of $386,745.00. 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 $392,329.00, with the most expensive house in Manhattan, IL, topping out at $3,052,844.00 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.

Manhattan, IL Short Sale Listings


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