Foreclosure Homes in Smithfield, IL

Current Market Conditions in Smithfield, IL

The real estate market in Smithfield is stable, showing a slight increase in property values over the last few months. Recent trends suggest an influx of buyers looking for affordable housing in a rural setting, which is appealing to those relocating from urban areas. The competition for homes remains moderate with homes averaging 40-60 days on the market before being sold.

Current market insights reveal that homes in Smithfield generally maintain their value well due to the limited supply of available properties. Additionally, the village's low taxes compared to larger urban centers remain attractive for potential buyers.

Rent Prices In Smithfield, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Smithfield, IL, is on a rollercoaster ride. The average rent price in Smithfield, IL, is $888.00. Indeed, when looking to rent in Smithfield, IL, you can expect to pay as little as $570.00 or as much as $1,690.00, with the average rent median estimated to be $830.00. The good news is that finding an affordable and desirable property to rent in Smithfield, 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.