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Short Sale Listings in Midlothian, IL

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Living in Midlothian, IL

Midlothian, IL, is a friendly suburban community located in Cook County. With a variety of parks, quality schools, and local amenities, it’s perfect for families and anyone seeking a laid-back lifestyle. Its proximity to Chicago makes it a great location for commuters as well.

Current Market Conditions in Midlothian, IL

The real estate market in Midlothian has been experiencing a steady increase in demand. With more families seeking suburban living, the inventory for single-family homes has seen a decrease while prices have consistently risen over the past few months, suggesting a strong market.

Trends indicate that Midlothian remains an attractive option for first-time homebuyers due to relatively affordable home prices compared to neighboring areas. The presence of quality schools and family-friendly amenities continues to bolster the market appeal.

Home Value Estimator For Midlothian, IL

There are currently 5,253 real estate properties in Midlothian, IL, with a median automated valuation model (AVM) price of $249,740.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Midlothian, 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 Midlothian, IL, is $254,314.00, with the most expensive house in Midlothian, IL, topping out at $4,437,047.00 and the cheapest home in Midlothian, IL, clocking in at $12,733.00. In other words, there’s something for every potential homebuyer or savvy investor in Midlothian, IL!

Rent Prices In Midlothian, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Midlothian, IL, is on a rollercoaster ride. The average rent price in Midlothian, IL, is $1,424.00. Indeed, when looking to rent in Midlothian, IL, you can expect to pay as little as $700.00 or as much as $3,300.00, with the average rent median estimated to be $1,430.00. The good news is that finding an affordable and desirable property to rent in Midlothian, 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.

Midlothian, IL Short Sale Listings

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