Foreclosure Homes in Swansea, IL

Current Market Conditions in Swansea, IL

The real estate market in Swansea is currently experiencing a stable growth trend, with property values steadily increasing. The affordability of homes in this area compared to the nearby metropolitan St. Louis is attractive to many buyers, especially first-time homebuyers and families looking to settle down. Homes listed for sale tend to receive multiple offers, indicating a competitive market environment.

In the past few years, Swansea has seen a revitalization of its residential properties, with many homeowners opting to renovate their homes or build new ones, contributing to the overall improvement of the neighborhood. This trend is expected to continue, attracting more residents and boosting the local economy.

Rent Prices In Swansea, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Swansea, IL, is on a rollercoaster ride. The average rent price in Swansea, IL, is $1,294.00. Indeed, when looking to rent in Swansea, IL, you can expect to pay as little as $500.00 or as much as $2,940.00, with the average rent median estimated to be $1,220.00. The good news is that finding an affordable and desirable property to rent in Swansea, 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.