Rochester, IL Foreclosures
How much do homes sell for in Rochester, IL?
The average home price is currently $303,887.
In Rochester, IL, how many homes are available?
There are currently 37 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 $7,439,549.
What is currently the cheapest priced home in Rochester, IL?
The cheapest home for sale in Rochester is priced at $27,741.
Living in Rochester, IL
Rochester, IL, is a charming village located just south of Springfield, known for its friendly community and great schools. With a range of parks and recreational activities, it offers a pleasant lifestyle for families. The village has essential amenities and hosts several community events throughout the year.
Current Market Conditions in Rochester, IL
The current real estate market in Rochester, IL, is seeing a steady increase in home values, reflecting the village's desirability among families seeking a suburban lifestyle. Properties are moving quickly, often attracting interest from buyers looking for affordable yet spacious homes. The local housing supply has been limited, pushing prices higher as competition grows.
Recently, Rochester has experienced a surge in new construction, adding variety to the housing stock available. With many families moving to the area for its schools and community spirit, the competition among buyers is expected to increase, making it a robust market for sellers.
Home Value Estimator For Rochester, IL
There are currently 2,205 real estate properties
in Rochester, IL,
with a median automated valuation model (AVM) price
of $274,905.00. 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 $303,887.00, with the most expensive house
in Rochester, IL, topping out
at $7,439,549.00 and the cheapest home
in Rochester, IL,
clocking in at $27,741.00. 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.
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