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Foreclosure Homes in West Salem, IL

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West Salem, IL Foreclosures

How much do homes sell for in West Salem, IL?
The average home price is currently $111,877.
In West Salem, IL, how many homes are available?
There are currently 3 active home listings available in West Salem.
What’s the average rental cost in West Salem, IL?
The average rental price in West Salem is $951.
What is the most expensive home in West Salem?
The most expensive home sold in West Salem had a price of $1,892,453.
What is currently the cheapest priced home in West Salem, IL?
The cheapest home for sale in West Salem is priced at $3,069.

Living in West Salem, IL

West Salem, IL is a tranquil small town with a friendly atmosphere and beautiful rural landscapes. It offers essential amenities and a close-knit community, perfect for those looking for a peaceful lifestyle. Residents enjoy easy access to nearby cities for additional services and entertainment.

Current Market Conditions in West Salem, IL

The current real estate market in West Salem is characterized by a stable demand for homes, primarily driven by local employment opportunities and the appeal of rural living. There has been a steady interest in properties, particularly among first-time homebuyers and retirees looking for affordability and tranquility.

Recent trends show that homes in West Salem are selling at competitive prices, with a mix of older homes and newer constructions. The market remains attractive due to the relatively low-cost living compared to urban areas.

Home Value Estimator For West Salem, IL

There are currently 564 real estate properties in West Salem, IL, with a median automated valuation model (AVM) price of $71,393.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in West Salem, 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 West Salem, IL, is $111,877.00, with the most expensive house in West Salem, IL, topping out at $1,892,453.00 and the cheapest home in West Salem, IL, clocking in at $3,069.00. In other words, there’s something for every potential homebuyer or savvy investor in West Salem, IL!

Rent Prices In West Salem, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in West Salem, IL, is on a rollercoaster ride. The average rent price in West Salem, IL, is $951.00. Indeed, when looking to rent in West Salem, IL, you can expect to pay as little as $650.00 or as much as $1,800.00, with the average rent median estimated to be $900.00. The good news is that finding an affordable and desirable property to rent in West Salem, 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.

West Salem, IL Foreclosures

Market Trend for West Salem, IL

Total Listings Available: 3

Market Values:

Home Prices from $3,069 to $1,892,453

Average Sales Price: $111,877

Rental Values:

Rental from $650 to $1,800

Average Rent Value: $951 / month

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