Penfield, IL Foreclosures
How much do homes sell for in Penfield, IL?
The average home price is currently $202,696.
In Penfield, IL, how many homes are available?
There are currently 25 active home listings available in Penfield.
What’s the average rental cost in Penfield, IL?
The average rental price in Penfield is $1,451.
What is the most expensive home in Penfield?
The most expensive home sold in Penfield had a price of $684,433.
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 serene village that offers a welcoming community atmosphere ideal for families and individuals. With its beautiful parks and local amenities, residents enjoy a comfortable lifestyle with easy access to essential services. The village’s charm lies in its friendly people, well-preserved history, and commitment to community engagement.
Current Market Conditions in Penfield, IL
The real estate market in Penfield has shown steady growth over the past year, with an increase in property values and a healthy turnover of listings. Buyers are drawn to the area's affordability compared to larger urban centers, making it a desirable investment for families and individuals looking for value in their real estate purchases.
As of late 2023, the market is becoming increasingly competitive, with a rise in interest from buyers seeking homes in this peaceful village. Properties are selling faster than last year, illustrating a growing demand for homes in rural Illinois, especially among first-time homebuyers and those looking to relocate from more urban settings.
Home Value Estimator For Penfield, IL
There are currently 159 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 $202,696.00, with the most expensive house
in Penfield, IL, topping out
at $684,433.00 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 $1,451.00. 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
