Prospect Hts, IL Foreclosures
How much do homes sell for in Prospect Hts, IL?
The average home price is currently $399,744.
In Prospect Hts, IL, how many homes are available?
There are currently 2 active home listings available in Prospect Hts.
What’s the average rental cost in Prospect Hts, IL?
The average rental price in Prospect Hts is $2,143.
What is the most expensive home in Prospect Hts?
The most expensive home sold in Prospect Hts had a price of $910,336.
What is currently the cheapest priced home in Prospect Hts, IL?
The cheapest home for sale in Prospect Hts is priced at $153,113.
Living in Prospect Hts, IL
Prospect Heights, IL, is a vibrant suburban community that streams with parks and recreational opportunities, making it a great place for families. With a variety of homes available and a friendly atmosphere, this city combines the conveniences of suburban living with close proximity to Chicago. Residents benefit from rich community engagement, accessible transport, and an array of local amenities.
Current Market Conditions in Prospect Hts, IL
The real estate market in Prospect Heights remains stable with consistent demand for single-family homes. Current properties are generally appreciating, reflecting a healthy buyer interest, particularly for families seeking spacious residences and good school districts. Investors have also turned their attention to multi-family units due to the area’s rental potential and low vacancy rates.
Home prices in Prospect Heights have shown a modest upward trend this past year, with inventory levels gradually decreasing, prompting a more competitive market for buyers.
Home Value Estimator For Prospect Hts, IL
There are currently 44 real estate properties
in Prospect Hts, IL,
with a median automated valuation model (AVM) price
of $342,974.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Prospect Hts, 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 Prospect Hts, IL,
is $399,744.00, with the most expensive house
in Prospect Hts, IL, topping out
at $910,336.00 and the cheapest home
in Prospect Hts, IL,
clocking in at $153,113.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Prospect Hts, IL!
Rent Prices
In Prospect Hts, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Prospect Hts, IL, is on
a rollercoaster ride. The
average rent price in Prospect Hts, IL,
is $2,143.00. Indeed, when looking to rent in
Prospect Hts, IL, you can expect to pay as little
as $1,180.00 or as much
as $3,300.00,
with the average rent median estimated to
be $2,130.00. The good news is that finding
an affordable and desirable property to rent in Prospect Hts, 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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