Palestine, IL Foreclosures
How much do homes sell for in Palestine, IL?
The average home price is currently $85,616.
In Palestine, IL, how many homes are available?
There are currently 3 active home listings available in Palestine.
What’s the average rental cost in Palestine, IL?
The average rental price in Palestine is $872.
What is the most expensive home in Palestine?
The most expensive home sold in Palestine had a price of $562,924.
What is currently the cheapest priced home in Palestine, IL?
The cheapest home for sale in Palestine is priced at $12,752.
Living in Palestine, IL
Palestine, IL is a quaint rural town perfect for those seeking a peaceful lifestyle. With excellent schools, friendly neighbors, and access to outdoor activities, it offers a comforting sense of community. The local parks and natural surroundings make it ideal for families and outdoor enthusiasts alike.
Current Market Conditions in Palestine, IL
The real estate market in Palestine remains stable with a balanced number of buyers and sellers. The demand for homes has increased slightly, driven by families seeking affordable housing options in a serene environment. Overall, property values have shown resilience in the face of economic fluctuations, making it an attractive place for investments.
Trends indicate a growing interest in rural living, particularly in small towns like Palestine, IL. Many buyers are moving from larger urban areas seeking more space and affordability. This shift in demand is positively impacting local housing prices, which have seen steady appreciation over the past year.
Home Value Estimator For Palestine, IL
There are currently 1,505 real estate properties
in Palestine, IL,
with a median automated valuation model (AVM) price
of $68,023.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Palestine, 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 Palestine, IL,
is $85,616.00, with the most expensive house
in Palestine, IL, topping out
at $562,924.00 and the cheapest home
in Palestine, IL,
clocking in at $12,752.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Palestine, IL!
Rent Prices
In Palestine, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Palestine, IL, is on
a rollercoaster ride. The
average rent price in Palestine, IL,
is $872.00. Indeed, when looking to rent in
Palestine, IL, you can expect to pay as little
as $570.00 or as much
as $1,980.00,
with the average rent median estimated to
be $820.00. The good news is that finding
an affordable and desirable property to rent in Palestine, 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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