Warsaw, IL Foreclosures
How much do homes sell for in Warsaw, IL?
The average home price is currently $112,454.
In Warsaw, IL, how many homes are available?
There are currently 1 active home listings available in Warsaw.
What’s the average rental cost in Warsaw, IL?
The average rental price in Warsaw is $1,062.
What is the most expensive home in Warsaw?
The most expensive home sold in Warsaw had a price of $612,700.
What is currently the cheapest priced home in Warsaw, IL?
The cheapest home for sale in Warsaw is priced at $18,066.
Living in Warsaw, IL
Warsaw, a quaint village located in Hancock County, Illinois, offers a peaceful small-town atmosphere with stunning views of the Mississippi River. Known for its rich history and community spirit, the area provides a variety of outdoor recreational activities and local amenities. The close-knit community thrives on hospitality with numerous family-owned businesses and annual events that bring residents together.
Current Market Conditions in Warsaw, IL
The real estate market in Warsaw, IL, is currently stable, with a moderate level of activity seen in home sales. Recent trends show buyers are actively looking for affordable housing options in smaller towns, making Warsaw an attractive choice. The mix of historical homes and newer constructions provides diverse options for prospective homeowners, appealing to both first-time buyers and retirees seeking a serene environment.
As of late 2023, Warsaw has experienced slight appreciation in home prices, with an average increase of 2-3% compared to last year. The tight inventory in the local market suggests that homes are selling quicker, indicating a demand for properties in this area. With a reputation for community safety and outdoor activities, Warsaw continues to garner attention from those looking to relocate.
Home Value Estimator For Warsaw, IL
There are currently 787 real estate properties
in Warsaw, IL,
with a median automated valuation model (AVM) price
of $97,243.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Warsaw, 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 Warsaw, IL,
is $112,454.00, with the most expensive house
in Warsaw, IL, topping out
at $612,700.00 and the cheapest home
in Warsaw, IL,
clocking in at $18,066.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Warsaw, IL!
Rent Prices
In Warsaw, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Warsaw, IL, is on
a rollercoaster ride. The
average rent price in Warsaw, IL,
is $1,062.00. Indeed, when looking to rent in
Warsaw, IL, you can expect to pay as little
as $570.00 or as much
as $1,880.00,
with the average rent median estimated to
be $1,060.00. The good news is that finding
an affordable and desirable property to rent in Warsaw, 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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