Millbrook, IL Foreclosures
How much do homes sell for in Millbrook, IL?
The average home price is currently $315,506.
In Millbrook, IL, how many homes are available?
There are currently 1,015 active home listings available in Millbrook.
What’s the average rental cost in Millbrook, IL?
The average rental price in Millbrook is $1,707.
What is the most expensive home in Millbrook?
The most expensive home sold in Millbrook had a price of $836,894.
What is currently the cheapest priced home in Millbrook, IL?
The cheapest home for sale in Millbrook is priced at $38,114.
Living in Millbrook, IL
Millbrook, IL is a small village known for its peaceful rural setting and strong community values. Nestled in Kendall County, it provides a welcome escape from urban life while offering residents access to outdoor recreation and quality schools. With a variety of local amenities and a friendly atmosphere, Millbrook is ideal for families and those seeking tranquility.
Current Market Conditions in Millbrook, IL
The real estate market in Millbrook, IL, has shown a stable upward trend over the past year, characterized by increasing home values and competitive sales. The demand for homes has been rising as more people seek quieter living environments outside larger cities like Chicago. Current listings indicate a mix of quaint single-family homes and some larger properties that appeal to buyers looking for space and tranquility.
Recent trends suggest that homes are selling more quickly than in previous months, with many listings receiving multiple offers. This increased demand is driven by low inventory levels, making it a sellers' market. Buyers are advised to act swiftly on promising listings.
Home Value Estimator For Millbrook, IL
There are currently 73 real estate properties
in Millbrook, IL,
with a median automated valuation model (AVM) price
of $276,891.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Millbrook, 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 Millbrook, IL,
is $315,506.00, with the most expensive house
in Millbrook, IL, topping out
at $836,894.00 and the cheapest home
in Millbrook, IL,
clocking in at $38,114.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Millbrook, IL!
Rent Prices
In Millbrook, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Millbrook, IL, is on
a rollercoaster ride. The
average rent price in Millbrook, IL,
is $1,707.00. Indeed, when looking to rent in
Millbrook, IL, you can expect to pay as little
as $880.00 or as much
as $2,640.00,
with the average rent median estimated to
be $1,640.00. The good news is that finding
an affordable and desirable property to rent in Millbrook, 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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