Mchenry, IL Foreclosures
How much do homes sell for in Mchenry, IL?
The average home price is currently $349,932.
In Mchenry, IL, how many homes are available?
There are currently 19 active home listings available in Mchenry.
What’s the average rental cost in Mchenry, IL?
The average rental price in Mchenry is $1,551.
What is the most expensive home in Mchenry?
The most expensive home sold in Mchenry had a price of $56,441,800.
What is currently the cheapest priced home in Mchenry, IL?
The cheapest home for sale in Mchenry is priced at $12,641.
Living in Mchenry, IL
McHenry, IL, is a picturesque city nestled near the scenic Fox River. It offers a vibrant community atmosphere, excellent schools, and plenty of recreational activities. With its friendly neighborhoods and convenient access to highways, McHenry is a perfect blend of suburban living and outdoor adventures.
Current Market Conditions in Mchenry, IL
The real estate market in McHenry, IL, has been showing steady growth over the past year, driven by increased demand for single-family homes. Home values have risen due to limited inventory and a growing population seeking the area's suburban lifestyle. Despite the upswing in prices, homes remain competitively priced when compared to surrounding areas, making McHenry an attractive option for homebuyers.
Currently, McHenry is experiencing a balanced market, with a mix of new listings entering the market and properties selling quickly. The average days on the market indicate a healthy interest from buyers, especially families looking for more space. The ongoing trend points towards a continuation of growth in the housing sector as more people discover the benefits of living in this area.
Home Value Estimator For Mchenry, IL
There are currently 17,220 real estate properties
in Mchenry, IL,
with a median automated valuation model (AVM) price
of $299,388.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mchenry, 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 Mchenry, IL,
is $349,932.00, with the most expensive house
in Mchenry, IL, topping out
at $56,441,800.00 and the cheapest home
in Mchenry, IL,
clocking in at $12,641.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mchenry, IL!
Rent Prices
In Mchenry, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mchenry, IL, is on
a rollercoaster ride. The
average rent price in Mchenry, IL,
is $1,551.00. Indeed, when looking to rent in
Mchenry, IL, you can expect to pay as little
as $670.00 or as much
as $4,000.00,
with the average rent median estimated to
be $1,470.00. The good news is that finding
an affordable and desirable property to rent in Mchenry, 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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