Sorento, IL Foreclosures
How much do homes sell for in Sorento, IL?
The average home price is currently $172,692.
In Sorento, IL, how many homes are available?
There are currently 1 active home listings available in Sorento.
What’s the average rental cost in Sorento, IL?
The average rental price in Sorento is $948.
What is the most expensive home in Sorento?
The most expensive home sold in Sorento had a price of $951,320.
What is currently the cheapest priced home in Sorento, IL?
The cheapest home for sale in Sorento is priced at $13,379.
Living in Sorento, IL
Sorento, IL, is a quaint rural village equipped with the charm of small-town living, a strong sense of community, and proximity to outdoor recreational opportunities. With essential amenities nearby and a well-regarded school district, it's an appealing place for families and those looking for a quieter lifestyle.
Current Market Conditions in Sorento, IL
The real estate market in Sorento remains stable, characterized by a mix of affordable single-family homes and modestly priced properties. Many homes sold recently reflect a steady demand among buyers looking for value in quieter areas. As of now, properties tend to sell quickly, attracting first-time buyers and those looking to invest in rental properties.
Recent trends show a slight increase in property values, driven by buyers' interests seeking homes with larger lots and rural amenities. The market has experienced consistent buyer activity, particularly in 3-bedroom houses which are in high demand.
Home Value Estimator For Sorento, IL
There are currently 569 real estate properties
in Sorento, IL,
with a median automated valuation model (AVM) price
of $123,130.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Sorento, 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 Sorento, IL,
is $172,692.00, with the most expensive house
in Sorento, IL, topping out
at $951,320.00 and the cheapest home
in Sorento, IL,
clocking in at $13,379.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Sorento, IL!
Rent Prices
In Sorento, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Sorento, IL, is on
a rollercoaster ride. The
average rent price in Sorento, IL,
is $948.00. Indeed, when looking to rent in
Sorento, IL, you can expect to pay as little
as $570.00 or as much
as $1,750.00,
with the average rent median estimated to
be $890.00. The good news is that finding
an affordable and desirable property to rent in Sorento, 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
