Morrison, IL Foreclosures
How much do homes sell for in Morrison, IL?
The average home price is currently $174,865.
In Morrison, IL, how many homes are available?
There are currently 6 active home listings available in Morrison.
What’s the average rental cost in Morrison, IL?
The average rental price in Morrison is $1,186.
What is the most expensive home in Morrison?
The most expensive home sold in Morrison had a price of $793,652.
What is currently the cheapest priced home in Morrison, IL?
The cheapest home for sale in Morrison is priced at $15,248.
Living in Morrison, IL
Morrison, IL is a picturesque small town known for its charming atmosphere and strong sense of community. It offers a peaceful lifestyle complemented by beautiful parks and local amenities. With access to good schools and outdoor activities, it's an ideal place for families and individuals seeking tranquility.
Current Market Conditions in Morrison, IL
The real estate market in Morrison has shown signs of stability, with a slight increase in home values over the past few months. The demand for homes remains steady as buyers are drawn to the area's charm and community-focused lifestyle. Homes are generally selling at or near asking prices, indicating a balanced market where sellers have the upper hand due to limited inventory.
As of this year, Morrison has seen a gradual increase in housing starts, signaling confidence in the local real estate market. The gentle uptick in prices reflects increased buyer interest, likely driven by the town's appealing features such as parks and schools. Overall, the market trends suggest a healthy growth trajectory for the near future.
Home Value Estimator For Morrison, IL
There are currently 1,881 real estate properties
in Morrison, IL,
with a median automated valuation model (AVM) price
of $158,632.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Morrison, 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 Morrison, IL,
is $174,865.00, with the most expensive house
in Morrison, IL, topping out
at $793,652.00 and the cheapest home
in Morrison, IL,
clocking in at $15,248.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Morrison, IL!
Rent Prices
In Morrison, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Morrison, IL, is on
a rollercoaster ride. The
average rent price in Morrison, IL,
is $1,186.00. Indeed, when looking to rent in
Morrison, IL, you can expect to pay as little
as $630.00 or as much
as $2,130.00,
with the average rent median estimated to
be $1,160.00. The good news is that finding
an affordable and desirable property to rent in Morrison, 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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