Prospect Hts, IL Foreclosures
How much do homes sell for in Prospect Hts, IL?
The average home price is currently $393,684.
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 $903,643.
What is currently the cheapest priced home in Prospect Hts, IL?
The cheapest home for sale in Prospect Hts is priced at $143,614.
Living in Prospect Hts, IL
Prospect Heights, IL, offers a family-friendly suburban environment with convenient access to outdoor activities, parks, and community resources. The city features a range of housing options and has strong transportation links to Chicago, making it ideal for commuters. Its pleasant neighborhoods and local amenities contribute to a desirable quality of life.
Current Market Conditions in Prospect Hts, IL
The real estate market in Prospect Heights is currently seeing a steady increase in value, with homes appreciating in price as demand continues to grow. The availability of quality schools and community amenities is attracting buyers to this suburban enclave, bolstering the market further.
Inventory levels remain low compared to the demand, which indicates a competitive environment for homebuyers. The average days on market for properties have decreased, signaling a strong interest in living within the Prospect Heights area.
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 $324,893.00. 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 $393,684.00, with the most expensive house
in Prospect Hts, IL, topping out
at $903,643.00 and the cheapest home
in Prospect Hts, IL,
clocking in at $143,614.00. 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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