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Land Foreclosures in Rochester, IL

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Rochester, IL Foreclosures

How much do homes sell for in Rochester, IL?
The average home price is currently $302,691.
In Rochester, IL, how many homes are available?
There are currently 1 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 $7,392,002.
What is currently the cheapest priced home in Rochester, IL?
The cheapest home for sale in Rochester is priced at $11,234.

Living in Rochester, IL

Rochester, Illinois, is a small, family-friendly community located just south of Springfield. Known for its excellent schools and vibrant community spirit, it offers a peaceful suburban lifestyle with easy access to city amenities. Rochester features parks, recreational activities, and local shops that cater to residents' needs.

Current Market Conditions in Rochester, IL

The Rochester real estate market shows strong demand with modest growth in home values, making it an appealing option for first-time buyers and families. Homes in the area are selling quickly due to the excellent school district and community amenities.

Currently, the market sees a mix of single-family homes and townhouses, with several properties sold within days of being listed.

Home Value Estimator For Rochester, IL

There are currently 2,299 real estate properties in Rochester, IL, with a median automated valuation model (AVM) price of $274,704.00. 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 $302,691.00, with the most expensive house in Rochester, IL, topping out at $7,392,002.00 and the cheapest home in Rochester, IL, clocking in at $11,234.00. 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 Land

Market Trend for Rochester, IL

Total Listings Available: 1

Market Values:

Home Prices from $11,234 to $7,392,002

Average Sales Price: $302,691

Rental Values:

Rental from $910 to $2,620

Average Rent Value: $1,507 / month

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