Raleigh, IL Foreclosures
How much do homes sell for in Raleigh, IL?
The average home price is currently $136,462.
In Raleigh, IL, how many homes are available?
There are currently 33 active home listings available in Raleigh.
What’s the average rental cost in Raleigh, IL?
The average rental price in Raleigh is $973.
What is the most expensive home in Raleigh?
The most expensive home sold in Raleigh had a price of $883,841.
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 is a welcoming small town in Illinois, offering a peaceful lifestyle surrounded by nature. With its friendly community, local amenities, and access to outdoor activities, it is an ideal location for families and individuals alike. Residents appreciate the balance of rural charm and proximity to urban conveniences.
Current Market Conditions in Raleigh, IL
The current real estate market in Raleigh shows steady growth, with an increasing demand for homes as families and individuals seek the tranquility of small-town living. Buyers are particularly interested in properties that offer outdoor space, aligning with the town's nature-focused lifestyle.
A recent analysis indicates a modest appreciation in home values, reflecting the area's appeal and potential for future growth. The local market has seen a slight increase in new constructions alongside existing homes, catering to a diverse range of buyers.
Overall, Raleigh's market remains balanced, with an adequate inventory of homes available, making it an attractive option for first-time buyers and investors.
Home Value Estimator For Raleigh, IL
There are currently 240 real estate properties
in Raleigh, IL,
with a median automated valuation model (AVM) price
of $108,860.00. 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 $136,462.00, with the most expensive house
in Raleigh, IL, topping out
at $883,841.00 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 $973.00. 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 $940.00. 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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