Tinley Park, IL Foreclosures
How much do homes sell for in Tinley Park, IL?
The average home price is currently $376,316.
In Tinley Park, IL, how many homes are available?
There are currently 305 active home listings available in Tinley Park.
What’s the average rental cost in Tinley Park, IL?
The average rental price in Tinley Park is $1,918.
What is the most expensive home in Tinley Park?
The most expensive home sold in Tinley Park had a price of $83,693,864.
What is currently the cheapest priced home in Tinley Park, IL?
The cheapest home for sale in Tinley Park is priced at $12,319.
Living in Tinley Park, IL
Tinley Park is a vibrant suburb just southwest of Chicago, offering a perfect blend of suburban living with easy access to city life. The community is known for its excellent schools, diverse housing options, and numerous parks, making it a sought-after location for families. With a variety of dining, shopping, and entertainment options, Tinley Park provides an exceptional quality of life for its residents.
Current Market Conditions in Tinley Park, IL
The Tinley Park real estate market is currently experiencing a robust demand, with limited housing inventory driving prices upward. Homebuyers are drawn to the area for its suburban charm and excellent amenities, resulting in competitive bidding for available properties. As a result, homes are often selling quickly, sometimes above their listing prices, indicating strong buyer interest and a favorable market for sellers.
The market is particularly attractive for families and first-time homebuyers looking for affordable single-family homes. Investors, too, find opportunities in rental properties due to the growing population and demand for quality housing.
As of now, the trend shows a steady appreciation in home values, making it a promising area for long-term investment.
Home Value Estimator For Tinley Park, IL
There are currently 22,278 real estate properties
in Tinley Park, IL,
with a median automated valuation model (AVM) price
of $332,732.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Tinley Park, 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 Tinley Park, IL,
is $376,316.00, with the most expensive house
in Tinley Park, IL, topping out
at $83,693,864.00 and the cheapest home
in Tinley Park, IL,
clocking in at $12,319.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Tinley Park, IL!
Rent Prices
In Tinley Park, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Tinley Park, IL, is on
a rollercoaster ride. The
average rent price in Tinley Park, IL,
is $1,918.00. Indeed, when looking to rent in
Tinley Park, IL, you can expect to pay as little
as $860.00 or as much
as $3,760.00,
with the average rent median estimated to
be $1,890.00. The good news is that finding
an affordable and desirable property to rent in Tinley Park, 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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