Summerfield, IL Foreclosures
How much do homes sell for in Summerfield, IL?
The average home price is currently $128,362.
In Summerfield, IL, how many homes are available?
There are currently 1 active home listings available in Summerfield.
What’s the average rental cost in Summerfield, IL?
The average rental price in Summerfield is $1,044.
What is the most expensive home in Summerfield?
The most expensive home sold in Summerfield had a price of $1,446,412.
What is currently the cheapest priced home in Summerfield, IL?
The cheapest home for sale in Summerfield is priced at $13,541.
Living in Summerfield, IL
Summerfield, IL, offers a tranquil rural lifestyle with close-knit community ties. Ideal for families and individuals looking for a peaceful atmosphere, it combines the charm of small-town living with convenient access to urban amenities. Enjoy local parks and nearby recreational areas for outdoor activities.
Current Market Conditions in Summerfield, IL
The real estate market in Summerfield is currently favoring buyers, with an increase in available properties compared to previous months. This trend may provide opportunities for those looking to invest in property for long-term value. However, competitive pricing remains in some segments, particularly in desirable neighborhoods that attract families and retirees.
Overall, home prices in Summerfield have remained relatively stable over the past year, with modest increases reflecting the region's growing popularity. With a mix of older established homes and newer constructions, potential buyers have a range of choices that cater to different preferences and budgets.
Home Value Estimator For Summerfield, IL
There are currently 261 real estate properties
in Summerfield, IL,
with a median automated valuation model (AVM) price
of $112,534.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Summerfield, 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 Summerfield, IL,
is $128,362.00, with the most expensive house
in Summerfield, IL, topping out
at $1,446,412.00 and the cheapest home
in Summerfield, IL,
clocking in at $13,541.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Summerfield, IL!
Rent Prices
In Summerfield, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Summerfield, IL, is on
a rollercoaster ride. The
average rent price in Summerfield, IL,
is $1,044.00. Indeed, when looking to rent in
Summerfield, IL, you can expect to pay as little
as $650.00 or as much
as $1,590.00,
with the average rent median estimated to
be $1,040.00. The good news is that finding
an affordable and desirable property to rent in Summerfield, 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
