Smithfield, IL Foreclosures
How much do homes sell for in Smithfield, IL?
The average home price is currently $111,046.
In Smithfield, IL, how many homes are available?
There are currently 60 active home listings available in Smithfield.
What’s the average rental cost in Smithfield, IL?
The average rental price in Smithfield is $888.
What is the most expensive home in Smithfield?
The most expensive home sold in Smithfield had a price of $666,718.
What is currently the cheapest priced home in Smithfield, IL?
The cheapest home for sale in Smithfield is priced at $14,389.
Living in Smithfield, IL
Smithfield, IL, is a charming rural village known for its friendly community, agricultural heritage, and peaceful surroundings. With quality local schools and access to outdoor activities, it’s an ideal choice for families and individuals seeking tranquility yet close proximity to urban amenities.
Current Market Conditions in Smithfield, IL
The real estate market in Smithfield has shown stability, with home prices remaining consistent over the past year. Demand for homes in rural settings has increased, especially as more individuals seek quieter locations away from urban centers. Smithfield’s blend of affordability and community living has attracted both first-time buyers and those looking to retire.
Currently, the market favors buyers slightly, with a variety of homes available at different price points. Though inventory remains limited, the demand for homes has kept prices relatively stable. Overall, Smithfield's real estate market is growing but remains accessible compared to surrounding urban areas.
Home Value Estimator For Smithfield, IL
There are currently 139 real estate properties
in Smithfield, IL,
with a median automated valuation model (AVM) price
of $80,545.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Smithfield, 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 Smithfield, IL,
is $111,046.00, with the most expensive house
in Smithfield, IL, topping out
at $666,718.00 and the cheapest home
in Smithfield, IL,
clocking in at $14,389.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Smithfield, IL!
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.
Learn more on Foreclosure homes
