Sorento, IL Foreclosures
How much do homes sell for in Sorento, IL?
The average home price is currently $185,356.
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 $974,970.
What is currently the cheapest priced home in Sorento, IL?
The cheapest home for sale in Sorento is priced at $13,345.
Living in Sorento, IL
Sorento, IL is a charming small town offering a peaceful lifestyle amidst beautiful natural surroundings. The village is characterized by its friendly community and local amenities that cater to residents' needs. With a focus on family-friendliness and outdoor activities, Sorento is an excellent place for those seeking a quieter pace of life.
Current Market Conditions in Sorento, IL
The real estate market in Sorento, IL is currently stable, with a mix of homes available for buyers at various price points. The small-town feel attracts both first-time homebuyers and retirees, contributing to consistent demand in the housing market.
Recent trends indicate a slight increase in home values, driven by low inventory and sustained interest from those looking to relocate to more affordable areas. The market remains competitive, particularly for well-maintained properties.
Home Value Estimator For Sorento, IL
There are currently 659 real estate properties
in Sorento, IL,
with a median automated valuation model (AVM) price
of $137,944.00. 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 $185,356.00, with the most expensive house
in Sorento, IL, topping out
at $974,970.00 and the cheapest home
in Sorento, IL,
clocking in at $13,345.00. 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
