Potomac, IL Foreclosures
How much do homes sell for in Potomac, IL?
The average home price is currently $128,826.
In Potomac, IL, how many homes are available?
There are currently 2 active home listings available in Potomac.
What’s the average rental cost in Potomac, IL?
The average rental price in Potomac is $957.
What is the most expensive home in Potomac?
The most expensive home sold in Potomac had a price of $885,268.
What is currently the cheapest priced home in Potomac, IL?
The cheapest home for sale in Potomac is priced at $10,425.
Living in Potomac, IL
Potomac, IL is a charming rural village offering a peaceful lifestyle surrounded by nature. With a small community feel, residents enjoy local parks, scenic views, and a variety of outdoor activities. Though small, it provides easy access to larger urban amenities for shopping and entertainment.
Current Market Conditions in Potomac, IL
Potomac's real estate market is showing stable growth, driven by its desirable rural lifestyle. Homebuyers are increasingly drawn to the quiet charm of the village, resulting in a steady demand for properties. Current listings reflect a mix of older homes and new constructions, catering to various preferences.
In recent months, the market has demonstrated resilience, with properties selling at a reasonable pace. While the supply of homes can be slightly limited, new developments are emerging. Overall, the market dynamics suggest a balanced environment, making it a compelling choice for buyers.
Home Value Estimator For Potomac, IL
There are currently 424 real estate properties
in Potomac, IL,
with a median automated valuation model (AVM) price
of $111,905.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Potomac, 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 Potomac, IL,
is $128,826.00, with the most expensive house
in Potomac, IL, topping out
at $885,268.00 and the cheapest home
in Potomac, IL,
clocking in at $10,425.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Potomac, IL!
Rent Prices
In Potomac, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Potomac, IL, is on
a rollercoaster ride. The
average rent price in Potomac, IL,
is $957.00. Indeed, when looking to rent in
Potomac, IL, you can expect to pay as little
as $550.00 or as much
as $1,900.00,
with the average rent median estimated to
be $930.00. The good news is that finding
an affordable and desirable property to rent in Potomac, 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
