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Foreclosure Homes in Rochester, IL 62563

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Rochester, IL Foreclosures

How much do homes sell for in Rochester, IL?
The average home price is currently $300,777.
In Rochester, IL, how many homes are available?
There are currently 36 active home listings available in Rochester.
What’s the average rental cost in Rochester, IL?
The average rental price in Rochester is $1,507.
What is the most expensive home in Rochester?
The most expensive home sold in Rochester had a price of $7,353,368.
What is currently the cheapest priced home in Rochester, IL?
The cheapest home for sale in Rochester is priced at $27,420.

Living in Rochester, IL

Rochester, IL is a charming suburb located just south of Springfield, providing residents with a tight-knit community atmosphere. The area is known for its excellent schools and numerous parks, which promote an active lifestyle. With a mix of quaint shops and easy access to Springfield, Rochester offers the perfect balance of small-town charm and urban convenience.

Current Market Conditions in Rochester, IL

The Rochester real estate market has shown a noticeable uptick in home sales over the past year. In particular, family homes are in high demand, and new construction is becoming more prevalent as builders cater to growth in the area. This has driven prices moderately higher, reflecting a competitive market where buyers are eager to find their ideal home in a desirable community.

Home Value Estimator For Rochester, IL

There are currently 2,209 real estate properties in Rochester, IL, with a median automated valuation model (AVM) price of $273,507.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Rochester, 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 Rochester, IL, is $300,777.00, with the most expensive house in Rochester, IL, topping out at $7,353,368.00 and the cheapest home in Rochester, IL, clocking in at $27,420.00. In other words, there’s something for every potential homebuyer or savvy investor in Rochester, IL!

Rent Prices In Rochester, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rochester, IL, is on a rollercoaster ride. The average rent price in Rochester, IL, is $1,507.00. Indeed, when looking to rent in Rochester, IL, you can expect to pay as little as $910.00 or as much as $2,620.00, with the average rent median estimated to be $1,430.00. The good news is that finding an affordable and desirable property to rent in Rochester, 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.

Rochester, IL 62563 Foreclosures

Market Trend for Rochester, IL

Total Listings Available: 36

Market Values:

Home Prices from $27,420 to $7,353,368

Average Sales Price: $300,777

Rental Values:

Rental from $910 to $2,620

Average Rent Value: $1,507 / month

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