Living in Union, IL
Union, Illinois, is a quaint village that offers a peaceful, community-focused lifestyle. With a blend of rural charm and convenient access to urban amenities, Union is perfect for families and those seeking tranquility. The area boasts quality education, outdoor activities, and a friendly atmosphere.
Current Market Conditions in Union, IL
The real estate market in Union, IL, is currently experiencing modest growth, with property values appreciating gradually over the past year. Homes in Union are often sought after due to the village's appeal to families and retirees alike, with the availability of both affordable and larger homes suitable for growing families.
Recent trends indicate that properties are selling a bit more quickly than they have in previous years, highlighting an increase in buyer interest. The inventory level remains stable, and while prices are rising, they still remain relatively affordable compared to neighboring areas.
Home Value Estimator For Union, IL
There are currently 660 real estate properties
in Union, IL,
with a median automated valuation model (AVM) price
of $395,950.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Union, 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 Union, IL,
is $419,331.00, with the most expensive house
in Union, IL, topping out
at $3,452,329.00 and the cheapest home
in Union, IL,
clocking in at $10,461.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Union, IL!
Rent Prices
In Union, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Union, IL, is on
a rollercoaster ride. The
average rent price in Union, IL,
is $1,754.00. Indeed, when looking to rent in
Union, IL, you can expect to pay as little
as $780.00 or as much
as $3,760.00,
with the average rent median estimated to
be $1,690.00. The good news is that finding
an affordable and desirable property to rent in Union, 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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