Penfield, IL Foreclosures
How much do homes sell for in Penfield, IL?
The average home price is currently $205,028.
What’s the average rental cost in Penfield, IL?
The average rental price in Penfield is $1,450.
What is the most expensive home in Penfield?
The most expensive home sold in Penfield had a price of $917,232.
What is currently the cheapest priced home in Penfield, IL?
The cheapest home for sale in Penfield is priced at $30,426.
Living in Penfield, IL
Penfield, IL is a quaint village in Champaign County known for its tranquility and community spirit. Residents benefit from a range of local amenities, outdoor spaces, and excellent schools. The area fosters a family-friendly environment with easy access to nature and recreational activities.
Current Market Conditions in Penfield, IL
The real estate market in Penfield has shown a steady increase in home prices over the past few years, attracting both families and investors looking for affordable yet quality housing options.
Currently, there is a healthy demand for homes within the village, with a variety of properties available ranging from cozy single-family homes to larger estates. The market remains competitive, favoring sellers with the number of buyers looking to settle in this peaceful location.
Home Value Estimator For Penfield, IL
There are currently 158 real estate properties
in Penfield, IL,
with a median automated valuation model (AVM) price
of $166,115.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Penfield, 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 Penfield, IL,
is $205,028.00, with the most expensive house
in Penfield, IL, topping out
at $917,232.00 and the cheapest home
in Penfield, IL,
clocking in at $30,426.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Penfield, IL!
Rent Prices
In Penfield, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Penfield, IL, is on
a rollercoaster ride. The
average rent price in Penfield, IL,
is $1,450.00. Indeed, when looking to rent in
Penfield, IL, you can expect to pay as little
as $630.00 or as much
as $3,020.00,
with the average rent median estimated to
be $1,340.00. The good news is that finding
an affordable and desirable property to rent in Penfield, 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.
Learn more on Foreclosure homes
