Shannon, IL Foreclosures
How much do homes sell for in Shannon, IL?
The average home price is currently $200,574.
In Shannon, IL, how many homes are available?
There are currently 2 active home listings available in Shannon.
What’s the average rental cost in Shannon, IL?
The average rental price in Shannon is $1,133.
What is the most expensive home in Shannon?
The most expensive home sold in Shannon had a price of $1,136,375.
What is currently the cheapest priced home in Shannon, IL?
The cheapest home for sale in Shannon is priced at $32,055.
Living in Shannon, IL
Shannon, IL, offers a peaceful rural lifestyle with a strong sense of community. Known for its picturesque landscapes and friendly atmosphere, this village is ideal for families seeking a safe environment. Recreational activities abound, making it a perfect blend of nature and community living.
Current Market Conditions in Shannon, IL
The real estate market in Shannon is stable but shows signs of gradual growth as more families seek the tranquility of rural life. Prices reflect the demand for affordable housing while offering good value for spacious properties. Investors are increasingly interested in the area, looking for opportunities to develop or renovate older homes.
Currently, home prices average around $200,000 to $250,000, with a mix of older charm and newer constructions catering to various buyer preferences. The rental market remains strong, as more individuals and families consider moving to quieter locales.
Home Value Estimator For Shannon, IL
There are currently 498 real estate properties
in Shannon, IL,
with a median automated valuation model (AVM) price
of $154,264.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Shannon, 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 Shannon, IL,
is $200,574.00, with the most expensive house
in Shannon, IL, topping out
at $1,136,375.00 and the cheapest home
in Shannon, IL,
clocking in at $32,055.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Shannon, IL!
Rent Prices
In Shannon, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Shannon, IL, is on
a rollercoaster ride. The
average rent price in Shannon, IL,
is $1,133.00. Indeed, when looking to rent in
Shannon, IL, you can expect to pay as little
as $650.00 or as much
as $2,100.00,
with the average rent median estimated to
be $1,070.00. The good news is that finding
an affordable and desirable property to rent in Shannon, 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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