Prairie Grove, IL Foreclosures
How much do homes sell for in Prairie Grove, IL?
The average home price is currently $576,992.
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 $2,020,851.
What is currently the cheapest priced home in Prairie Grove, IL?
The cheapest home for sale in Prairie Grove is priced at $58,536.
Living in Prairie Grove, IL
Prairie Grove, IL is a peaceful village located in McHenry County, renowned for its stunning landscapes and strong community spirit. Residents appreciate a blend of rural charm and suburban convenience, with various amenities, excellent schools, and abundant recreational activities. The location is perfect for families and individuals looking for a serene yet connected lifestyle.
Current Market Conditions in Prairie Grove, IL
The real estate market in Prairie Grove is currently experiencing a shift, with a steady increase in home prices over the past few months. As many buyers are seeking properties in suburban areas due to the ongoing trend of remote work, demand continues to rise. New listings are coming to the market, and the competition remains fierce, particularly for larger homes that offer outdoor space. As interest rates fluctuate, potential homebuyers are carefully navigating their options to take advantage of the available inventory.
Overall, Prairie Grove remains an attractive destination for homebuyers looking for a peaceful environment while remaining connected to urban amenities. The market is characterized by a variety of property types, including single-family homes and larger estates, catering to diverse buyer preferences.
Home Value Estimator For Prairie Grove, IL
There are currently 30 real estate properties
in Prairie Grove, IL,
with a median automated valuation model (AVM) price
of $449,368.00. 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 $576,992.00, with the most expensive house
in Prairie Grove, IL, topping out
at $2,020,851.00 and the cheapest home
in Prairie Grove, IL,
clocking in at $58,536.00. 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.
Learn more on Foreclosure homes
