Red Bud, IL Foreclosures
How much do homes sell for in Red Bud, IL?
The average home price is currently $275,342.
What’s the average rental cost in Red Bud, IL?
The average rental price in Red Bud is $1,292.
What is the most expensive home in Red Bud?
The most expensive home sold in Red Bud had a price of $27,856,632.
What is currently the cheapest priced home in Red Bud, IL?
The cheapest home for sale in Red Bud is priced at $13,868.
Living in Red Bud, IL
Red Bud is a charming small town in southern Illinois known for its close-knit community and spacious parks. The town is characterized by its rich history and a variety of recreational activities for families and individuals alike. With low crime rates and good schools, Red Bud is an ideal location for those seeking a peaceful place to call home.
Current Market Conditions in Red Bud, IL
The real estate market in Red Bud is currently stable, with a steady demand for homes due to its appealing small-town environment. Recently, there has been a slight uptick in home sales as more buyers seek affordable housing options outside larger urban areas, making it an attractive market for first-time homebuyers and investors alike.
Properties in Red Bud typically see a positive appreciation rate, driven by the local community's growth and the appeal of the area's natural beauty and recreational offerings. The average home price remains reasonable, encouraging both buyers and renters in the area.
Investors have noted a growing interest in Red Bud due to its affordability compared to larger nearby cities, increasing interest for rentals, and home purchases alike. Potential buyers are taking advantage of low mortgage rates, further stimulating the local housing market.
Home Value Estimator For Red Bud, IL
There are currently 2,156 real estate properties
in Red Bud, IL,
with a median automated valuation model (AVM) price
of $232,264.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Red Bud, 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 Red Bud, IL,
is $275,342.00, with the most expensive house
in Red Bud, IL, topping out
at $27,856,632.00 and the cheapest home
in Red Bud, IL,
clocking in at $13,868.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Red Bud, IL!
Rent Prices
In Red Bud, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Red Bud, IL, is on
a rollercoaster ride. The
average rent price in Red Bud, IL,
is $1,292.00. Indeed, when looking to rent in
Red Bud, IL, you can expect to pay as little
as $560.00 or as much
as $2,280.00,
with the average rent median estimated to
be $1,270.00. The good news is that finding
an affordable and desirable property to rent in Red Bud, 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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