Sterling, IL Foreclosures
How much do homes sell for in Sterling, IL?
The average home price is currently $165,508.
What’s the average rental cost in Sterling, IL?
The average rental price in Sterling is $1,095.
What is the most expensive home in Sterling?
The most expensive home sold in Sterling had a price of $15,281,177.
What is currently the cheapest priced home in Sterling, IL?
The cheapest home for sale in Sterling is priced at $10,648.
Living in Sterling, IL
Sterling, Illinois, is a charming city known for its friendly community and vibrant local culture. Located along the picturesque Rock River, it offers residents a cozy small-town feel with access to essential amenities and beautiful outdoor spaces. Sterling is an ideal spot for families and professionals alike, showcasing a range of recreational activities and community events throughout the year.
Current Market Conditions in Sterling, IL
The real estate market in Sterling has shown stability, with minor fluctuations in home prices over the past few months. The demand for single-family homes, especially those with yards, remains strong, driven by families looking to settle in a safe and quiet neighborhood.
Interest rates have affected buyer activity, but many homes are still receiving multiple offers, particularly those in good condition and updated. New construction has slowed slightly, yet there’s continued interest in revitalizing older homes, which can often provide great value for buyers.
Home Value Estimator For Sterling, IL
There are currently 7,715 real estate properties
in Sterling, IL,
with a median automated valuation model (AVM) price
of $125,758.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Sterling, 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 Sterling, IL,
is $165,508.00, with the most expensive house
in Sterling, IL, topping out
at $15,281,177.00 and the cheapest home
in Sterling, IL,
clocking in at $10,648.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Sterling, IL!
Rent Prices
In Sterling, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Sterling, IL, is on
a rollercoaster ride. The
average rent price in Sterling, IL,
is $1,095.00. Indeed, when looking to rent in
Sterling, IL, you can expect to pay as little
as $540.00 or as much
as $2,220.00,
with the average rent median estimated to
be $1,020.00. The good news is that finding
an affordable and desirable property to rent in Sterling, 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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