Tower Hill, IL Foreclosures
Current Market Conditions in in Tower Hill, IL As of January 2026?
Over the past month, Tower Hill has experienced a modest uptick in real estate activity, with several homes going under contract or selling above asking price. This upsurge has been attributed to an influx of buyers seeking more affordable housing options amid rising prices in larger cities. The inventory remains low, which may contribute to continued price stabilization and appreciation in the coming months, as demand remains strong and inventory tightens.
How much do homes sell for in Tower Hill, IL?
The average home price is currently $181,473.
In Tower Hill, IL, how many homes are available?
There are currently 1 active home listings available in Tower Hill.
What’s the average rental cost in Tower Hill, IL?
The average rental price in Tower Hill is $1,032.
What is the most expensive home in Tower Hill?
The most expensive home sold in Tower Hill had a price of $615,728.
What is currently the cheapest priced home in Tower Hill, IL?
The cheapest home for sale in Tower Hill is priced at $36,553.
Living in Tower Hill, IL
Tower Hill, IL is a quaint village that offers a rural experience with a strong sense of community. The area is surrounded by beautiful landscapes and provides essential amenities while being close enough to larger cities for convenience. Perfect for families and individuals looking for a serene lifestyle.
Buyer vs Seller Market in Tower Hill, IL
The real estate market in Tower Hill is currently stable, with a slight increase in property values over the last several months. There is a mix of available homes, catering to different budgets, making this a great place for first-time buyers and retirees alike. Demand is steady, reflecting the area's appeal to those wanting a peaceful living environment.
Recently, the market has seen increased interest from buyers looking to relocate to rural areas, which is driving property prices up. Many homes are selling quickly, suggesting a competitive market. Historically, the area has maintained a stable growth trend, making it a promising location for long-term investment.
Home Value Estimator For Tower Hill, IL
There are currently 567 real estate properties
in Tower Hill, IL,
with a median automated valuation model (AVM) price
of $151,715.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Tower Hill, 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 Tower Hill, IL,
is $181,473.00, with the most expensive house
in Tower Hill, IL, topping out
at $615,728.00 and the cheapest home
in Tower Hill, IL,
clocking in at $36,553.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Tower Hill, IL!
Rent Prices
In Tower Hill, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Tower Hill, IL, is on
a rollercoaster ride. The
average rent price in Tower Hill, IL,
is $1,032.00. Indeed, when looking to rent in
Tower Hill, IL, you can expect to pay as little
as $570.00 or as much
as $1,740.00,
with the average rent median estimated to
be $990.00. The good news is that finding
an affordable and desirable property to rent in Tower Hill, 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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