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Condo Foreclosures in Peru, IL

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Peru, IL Foreclosures

How much do homes sell for in Peru, IL?
The average home price is currently $234,615.
What’s the average rental cost in Peru, IL?
The average rental price in Peru is $1,086.
What is the most expensive home in Peru?
The most expensive home sold in Peru had a price of $17,661,894.
What is currently the cheapest priced home in Peru, IL?
The cheapest home for sale in Peru is priced at $11,263.

Living in Peru, IL

Peru, Illinois is a charming city situated along the Illinois River, offering a blend of historical significance and modern conveniences. Residents enjoy a friendly community atmosphere, abundant outdoor activities, and a variety of local amenities. With its picturesque landscapes and easy access to major highways, Peru is an attractive location for both new families and retirees.

Current Market Conditions in Peru, IL

The real estate market in Peru is stable, with a healthy mix of single-family homes and multi-family dwellings available. Current trends indicate a steady demand for affordable housing, making it an ideal place for first-time homebuyers.

There is a noticeable increase in demand for rental properties as more individuals seek living options in this family-friendly city. Furthermore, with ongoing developments in nearby areas, home values are expected to appreciate.

Home Value Estimator For Peru, IL

There are currently 4,344 real estate properties in Peru, IL, with a median automated valuation model (AVM) price of $167,182.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Peru, 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 Peru, IL, is $234,615.00, with the most expensive house in Peru, IL, topping out at $17,661,894.00 and the cheapest home in Peru, IL, clocking in at $11,263.00. In other words, there’s something for every potential homebuyer or savvy investor in Peru, IL!

Rent Prices In Peru, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Peru, IL, is on a rollercoaster ride. The average rent price in Peru, IL, is $1,086.00. Indeed, when looking to rent in Peru, IL, you can expect to pay as little as $640.00 or as much as $2,140.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in Peru, 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.

Peru, IL Condos

Market Trend for Peru, IL

Total Listings Available: 0

Market Values:

Home Prices from $11,263 to $17,661,894

Average Sales Price: $234,615

Rental Values:

Rental from $640 to $2,140

Average Rent Value: $1,086 / month

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