Raleigh, IL Foreclosures
How much do homes sell for in Raleigh, IL?
The average home price is currently $159,449.
What’s the average rental cost in Raleigh, IL?
The average rental price in Raleigh is $972.
What is the most expensive home in Raleigh?
The most expensive home sold in Raleigh had a price of $882,931.
What is currently the cheapest priced home in Raleigh, IL?
The cheapest home for sale in Raleigh is priced at $8,997.
Living in Raleigh, IL
Raleigh, IL is a quaint village in southern Illinois known for its close-knit community and scenic landscapes. It offers a tranquil lifestyle with access to outdoor activities and quality education facilities. While it maintains a peaceful rural charm, residents can conveniently access larger urban areas for work and entertainment.
Current Market Conditions in Raleigh, IL
The real estate market in Raleigh is currently stable, which is favorable for both buyers and sellers. With a small population and limited housing inventory, homes tend to sell relatively quickly when they are priced appropriately. Buyers can find affordable options here, making it appealing for first-time homeowners.
Demand for homes in Raleigh has seen a gradual increase due to the village's growing reputation as a desirable place to live for families and retirees, contributing to a balanced market with opportunities for investment.
Home Value Estimator For Raleigh, IL
There are currently 323 real estate properties
in Raleigh, IL,
with a median automated valuation model (AVM) price
of $138,953.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Raleigh, 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 Raleigh, IL,
is $159,449.00, with the most expensive house
in Raleigh, IL, topping out
at $882,931.00 and the cheapest home
in Raleigh, IL,
clocking in at $8,997.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Raleigh, IL!
Rent Prices
In Raleigh, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Raleigh, IL, is on
a rollercoaster ride. The
average rent price in Raleigh, IL,
is $972.00. Indeed, when looking to rent in
Raleigh, IL, you can expect to pay as little
as $570.00 or as much
as $1,610.00,
with the average rent median estimated to
be $930.00. The good news is that finding
an affordable and desirable property to rent in Raleigh, 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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