Spring Bay, IL Foreclosures
How much do homes sell for in Spring Bay, IL?
The average home price is currently $148,464.
What’s the average rental cost in Spring Bay, IL?
The average rental price in Spring Bay is $1,120.
What is the most expensive home in Spring Bay?
The most expensive home sold in Spring Bay had a price of $1,000,182.
What is currently the cheapest priced home in Spring Bay, IL?
The cheapest home for sale in Spring Bay is priced at $28,347.
Living in Spring Bay, IL
Spring Bay is a charming village in Illinois, offering a close-knit community atmosphere with a peaceful setting. Located near the scenic Illinois River, residents enjoy a serene lifestyle with access to various outdoor activities and local amenities. The village is conveniently situated just a short drive from larger cities, providing both tranquil living and accessibility to urban conveniences.
Current Market Conditions in Spring Bay, IL
The real estate market in Spring Bay is currently experiencing a moderate level of activity, with a steady number of listings reflecting stability within the community. The demand for homes, particularly those that are well-maintained and affordable, continues to rise as people seek peaceful living environments outside the hustle of larger cities. Over the past few months, there has been an observed increase in buyers looking to invest in properties within more suburban settings, leading to a competitive market for desirable homes.
Prices in the Spring Bay area are generally reasonable, with a variety of homes available that cater to different budgets. Currently, homes near the river or with larger lots are commanding higher prices due to their desirable locations and potential for more outdoor space.
Home Value Estimator For Spring Bay, IL
There are currently 248 real estate properties
in Spring Bay, IL,
with a median automated valuation model (AVM) price
of $128,435.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Spring Bay, 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 Spring Bay, IL,
is $148,464.00, with the most expensive house
in Spring Bay, IL, topping out
at $1,000,182.00 and the cheapest home
in Spring Bay, IL,
clocking in at $28,347.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Spring Bay, IL!
Rent Prices
In Spring Bay, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Spring Bay, IL, is on
a rollercoaster ride. The
average rent price in Spring Bay, IL,
is $1,120.00. Indeed, when looking to rent in
Spring Bay, IL, you can expect to pay as little
as $580.00 or as much
as $1,930.00,
with the average rent median estimated to
be $1,080.00. The good news is that finding
an affordable and desirable property to rent in Spring Bay, 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.
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