Prairie Grove, IL Foreclosures
How much do homes sell for in Prairie Grove, IL?
The average home price is currently $619,194.
In Prairie Grove, IL, how many homes are available?
There are currently 3 active home listings available in Prairie Grove.
What’s the average rental cost in Prairie Grove, IL?
The average rental price in Prairie Grove is $1,978.
What is the most expensive home in Prairie Grove?
The most expensive home sold in Prairie Grove had a price of $2,033,513.
What is currently the cheapest priced home in Prairie Grove, IL?
The cheapest home for sale in Prairie Grove is priced at $58,478.
Living in Prairie Grove, IL
Prairie Grove is a charming suburban village known for its peaceful setting and family-friendly atmosphere. With a strong sense of community, residents enjoy access to well-maintained parks, quality schools, and various outdoor activities. The location offers a blend of rural charm and suburban convenience, making it an ideal place to settle down.
Current Market Conditions in Prairie Grove, IL
The real estate market in Prairie Grove, IL, is currently experiencing a steady increase in home prices due to its desirable location and family-oriented community. Homebuyers are attracted to the area's spacious properties and natural beauty, driving demand higher. Supply remains limited, resulting in competitive bidding situations for available homes.
With access to quality schools and various recreational options, the area has been seeing an influx of families seeking to settle down, contributing to the robust housing market. Real estate agents note that well-priced homes are sold quickly, often above the asking price.
Home Value Estimator For Prairie Grove, IL
There are currently 32 real estate properties
in Prairie Grove, IL,
with a median automated valuation model (AVM) price
of $481,064.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Prairie Grove, 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 Prairie Grove, IL,
is $619,194.00, with the most expensive house
in Prairie Grove, IL, topping out
at $2,033,513.00 and the cheapest home
in Prairie Grove, IL,
clocking in at $58,478.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Prairie Grove, IL!
Rent Prices
In Prairie Grove, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Prairie Grove, IL, is on
a rollercoaster ride. The
average rent price in Prairie Grove, IL,
is $1,978.00. Indeed, when looking to rent in
Prairie Grove, IL, you can expect to pay as little
as $1,550.00 or as much
as $2,810.00,
with the average rent median estimated to
be $1,660.00. The good news is that finding
an affordable and desirable property to rent in Prairie Grove, 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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