Mchenry, IL Foreclosures
How much do homes sell for in Mchenry, IL?
The average home price is currently $351,765.
In Mchenry, IL, how many homes are available?
There are currently 650 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 $56,491,320.
What is currently the cheapest priced home in Mchenry, IL?
The cheapest home for sale in Mchenry is priced at $12,569.
Living in Mchenry, IL
McHenry, IL, is a quaint city nestled near the Fox River, offering a mix of beautiful natural landscapes and suburban living. With a strong sense of community, quality schools, and abundant outdoor activities, it's an ideal place for families. The city provides a variety of amenities, making it convenient yet serene for residents.
Current Market Conditions in Mchenry, IL
The McHenry real estate market has been steadily growing, with a mix of single-family homes, townhouses, and rental properties available. The area's appeal includes its family-friendly environment, access to schools, and outdoor recreational opportunities, drawing both first-time homebuyers and investors alike. Recent data indicates a competitive market, with homes selling relatively quickly due to the increased demand.
Current trends show a shift towards suburban living as more buyers seek comfort, affordability, and space. This has resulted in a modest appreciation in home prices over the last year, with sales volumes reflecting sustained interest.
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 $300,541.00. 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 $351,765.00, with the most expensive house
in Mchenry, IL, topping out
at $56,491,320.00 and the cheapest home
in Mchenry, IL,
clocking in at $12,569.00. 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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