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Short Sale Listings in Merrionette Park, IL

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Merrionette Park, IL Foreclosures

How much do homes sell for in Merrionette Park, IL?
The average home price is currently $272,344.
In Merrionette Park, IL, how many homes are available?
There are currently 3 active home listings available in Merrionette Park.
What’s the average rental cost in Merrionette Park, IL?
The average rental price in Merrionette Park is $1,394.
What is the most expensive home in Merrionette Park?
The most expensive home sold in Merrionette Park had a price of $18,477,200.
What is currently the cheapest priced home in Merrionette Park, IL?
The cheapest home for sale in Merrionette Park is priced at $75,849.

Living in Merrionette Park, IL

Merrionette Park, IL, is a quaint suburban village that offers a blend of community charm and convenience. With well-maintained parks, accessible public amenities, and a strong educational system, it’s an ideal location for families and individuals. Its proximity to urban areas also provides easy access to a variety of shopping and entertainment options.

Current Market Conditions in Merrionette Park, IL

The real estate market in Merrionette Park has remained stable with steady growth. Prices have been gradually increasing, indicating a healthy demand for homes in the area. The mix of single-family homes and small multi-family properties caters to a diverse range of buyers.

Recent trends show that buyers are looking for homes with outdoor space and modern amenities, which has led to renovations and new constructions in certain sections of the village. This trend is likely to continue as more people seek suburban living while maintaining access to urban conveniences.

Home Value Estimator For Merrionette Park, IL

There are currently 629 real estate properties in Merrionette Park, IL, with a median automated valuation model (AVM) price of $235,991.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Merrionette Park, 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 Merrionette Park, IL, is $272,344.00, with the most expensive house in Merrionette Park, IL, topping out at $18,477,200.00 and the cheapest home in Merrionette Park, IL, clocking in at $75,849.00. In other words, there’s something for every potential homebuyer or savvy investor in Merrionette Park, IL!

Rent Prices In Merrionette Park, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Merrionette Park, IL, is on a rollercoaster ride. The average rent price in Merrionette Park, IL, is $1,394.00. Indeed, when looking to rent in Merrionette Park, IL, you can expect to pay as little as $790.00 or as much as $2,210.00, with the average rent median estimated to be $1,460.00. The good news is that finding an affordable and desirable property to rent in Merrionette Park, 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.

Merrionette Park, IL Short Sale Listings

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