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Cheap Homes in Sherman, IL

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Sherman, IL Foreclosures

How much do homes sell for in Sherman, IL?
The average home price is currently $322,470.
In Sherman, IL, how many homes are available?
There are currently 1 active home listings available in Sherman.
What’s the average rental cost in Sherman, IL?
The average rental price in Sherman is $1,436.
What is the most expensive home in Sherman?
The most expensive home sold in Sherman had a price of $1,187,168.
What is currently the cheapest priced home in Sherman, IL?
The cheapest home for sale in Sherman is priced at $23,570.

Living in Sherman, IL

Sherman, Illinois is a quaint village located just a few miles from the bustling city of Springfield. It's known for its family-friendly atmosphere, local parks, and strong sense of community. Residents enjoy a suburban lifestyle while being just a short drive away from urban amenities.

Current Market Conditions in Sherman, IL

The real estate market in Sherman is currently exhibiting a healthy balance of demand and supply. Home prices have appreciated steadily over the last year, reflecting an increased interest from both local buyers and those relocating from larger cities seeking a quieter lifestyle. The availability of well-maintained single-family homes appeals especially to families, contributing to a lively real estate market.

Home Value Estimator For Sherman, IL

There are currently 1,973 real estate properties in Sherman, IL, with a median automated valuation model (AVM) price of $297,651.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Sherman, 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 Sherman, IL, is $322,470.00, with the most expensive house in Sherman, IL, topping out at $1,187,168.00 and the cheapest home in Sherman, IL, clocking in at $23,570.00. In other words, there’s something for every potential homebuyer or savvy investor in Sherman, IL!

Rent Prices In Sherman, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Sherman, IL, is on a rollercoaster ride. The average rent price in Sherman, IL, is $1,436.00. Indeed, when looking to rent in Sherman, IL, you can expect to pay as little as $1,040.00 or as much as $2,280.00, with the average rent median estimated to be $1,390.00. The good news is that finding an affordable and desirable property to rent in Sherman, 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.

Cheap Homes in Sherman, IL


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