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Single-family Foreclosures in Newark, IL 60541

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Newark, IL Foreclosures

How much do homes sell for in Newark, IL?
The average home price is currently $420,491.
In Newark, IL, how many homes are available?
There are currently 31 active home listings available in Newark.
What’s the average rental cost in Newark, IL?
The average rental price in Newark is $1,737.
What is the most expensive home in Newark?
The most expensive home sold in Newark had a price of $2,348,900.
What is currently the cheapest priced home in Newark, IL?
The cheapest home for sale in Newark is priced at $15,984.

Living in Newark, IL

Newark, IL is a small village in Kendall County that offers a charming rural lifestyle with a tight-knit community. It's perfect for families seeking a quieter environment while still being conveniently connected to nearby larger towns. Residents enjoy various outdoor activities and a welcoming atmosphere in this peaceful village.

Current Market Conditions in Newark, IL

The real estate market in Newark has been experiencing steady growth, driven by a demand for affordable housing and a desire for a rural lifestyle. Buyers are increasingly drawn to this area due to its family-friendly environment and community-oriented culture.

Average home prices have increased moderately over the past year, making it a competitive market for potential buyers as inventory is limited.

Home Value Estimator For Newark, IL

There are currently 1,110 real estate properties in Newark, IL, with a median automated valuation model (AVM) price of $343,361.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Newark, 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 Newark, IL, is $420,491.00, with the most expensive house in Newark, IL, topping out at $2,348,900.00 and the cheapest home in Newark, IL, clocking in at $15,984.00. In other words, there’s something for every potential homebuyer or savvy investor in Newark, IL!

Rent Prices In Newark, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Newark, IL, is on a rollercoaster ride. The average rent price in Newark, IL, is $1,737.00. Indeed, when looking to rent in Newark, IL, you can expect to pay as little as $850.00 or as much as $3,600.00, with the average rent median estimated to be $1,690.00. The good news is that finding an affordable and desirable property to rent in Newark, 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.

Newark, IL 60541 Single-family Homes

Market Trend for Newark, IL

Total Listings Available: 31

Market Values:

Home Prices from $15,984 to $2,348,900

Average Sales Price: $420,491

Rental Values:

Rental from $850 to $3,600

Average Rent Value: $1,737 / month

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