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 1,018 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 quaint village known for its serene environment and strong community values. It features a mix of rural beauty and essential amenities, making it a great place for families, retirees, and anyone looking to escape the hustle of city life. With access to natural parks and good schools, Millbrook stands out as an appealing location for homebuyers.
Current Market Conditions in Millbrook, IL
The real estate market in Millbrook, IL, has shown steady growth over the past year, with increasing demand for single-family homes as more individuals seek a quieter lifestyle away from the busy urban areas. The average home price is on the rise, reflecting the village's charm and desirable living environment.
Current trends indicate that buyers are increasingly interested in properties that offer spacious lots and easy access to nature, driving sales up in this idyllic setting. Additionally, the limited inventory of homes means that the market remains competitive, benefiting sellers.
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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