Mount Erie, IL Foreclosures
How much do homes sell for in Mount Erie, IL?
The average home price is currently $144,927.
In Mount Erie, IL, how many homes are available?
There are currently 23 active home listings available in Mount Erie.
What’s the average rental cost in Mount Erie, IL?
The average rental price in Mount Erie is $855.
What is the most expensive home in Mount Erie?
The most expensive home sold in Mount Erie had a price of $409,557.
What is currently the cheapest priced home in Mount Erie, IL?
The cheapest home for sale in Mount Erie is priced at $33,076.
Living in Mount Erie, IL
Mount Erie, Illinois, is a charming village known for its tight-knit community and serene lifestyle. It offers peaceful living amidst beautiful farmland and is conveniently located near larger towns. Outdoor enthusiasts will find plenty of recreational opportunities in the surrounding natural areas.
Current Market Conditions in Mount Erie, IL
The real estate market in Mount Erie has shown resilience despite broader economic fluctuations. With home prices remaining steady, the village continues to attract first-time homebuyers looking for affordable housing options within a tranquil setting. The average home prices have not seen drastic changes, signifying a stable market with minimal volatility.
Investment opportunities are emerging in the area, particularly for rental properties aimed at accommodating the local workforce and visitors drawn by the charm of small-town living. There is a noticeable interest from both individuals and families seeking a quieter lifestyle, potentially increasing demand for homes and impacting overall market trends.
Home Value Estimator For Mount Erie, IL
There are currently 40 real estate properties
in Mount Erie, IL,
with a median automated valuation model (AVM) price
of $100,183.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mount Erie, 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 Mount Erie, IL,
is $144,927.00, with the most expensive house
in Mount Erie, IL, topping out
at $409,557.00 and the cheapest home
in Mount Erie, IL,
clocking in at $33,076.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mount Erie, IL!
Rent Prices
In Mount Erie, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mount Erie, IL, is on
a rollercoaster ride. The
average rent price in Mount Erie, IL,
is $855.00. Indeed, when looking to rent in
Mount Erie, IL, you can expect to pay as little
as $610.00 or as much
as $1,480.00,
with the average rent median estimated to
be $810.00. The good news is that finding
an affordable and desirable property to rent in Mount Erie, 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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