Wood River, IL Foreclosures
How much do homes sell for in Wood River, IL?
The average home price is currently $154,977.
In Wood River, IL, how many homes are available?
There are currently 43 active home listings available in Wood River.
What’s the average rental cost in Wood River, IL?
The average rental price in Wood River is $1,090.
What is the most expensive home in Wood River?
The most expensive home sold in Wood River had a price of $8,928,442.
What is currently the cheapest priced home in Wood River, IL?
The cheapest home for sale in Wood River is priced at $12,905.
Living in Wood River, IL
Wood River, Illinois is an inviting suburban community situated along the Mississippi River, known for its rich history and family-friendly environment. With many parks and outdoor activities, residents enjoy a mix of tranquility and access to urban conveniences. Transportation options and local amenities make Wood River an ideal place for families and commuters alike.
Current Market Conditions in Wood River, IL
The current real estate market in Wood River shows a steady increase in home values over the past year, reflecting a growing interest in the area. The community's appeal, along with its affordable home prices compared to surrounding regions, is attracting both first-time homebuyers and seasoned investors.
Demand for housing in Wood River remains robust, primarily due to the area's family-friendly atmosphere and proximity to larger cities. Real estate agents report a lower inventory of homes for sale, which has led to competitive bidding situations in some price segments, particularly in mid-range homes.
As industrial and economic development initiatives in the nearby areas grow, it is expected that Wood River will continue to see a positive trend in real estate prices, making it a promising investment opportunity.
Home Value Estimator For Wood River, IL
There are currently 4,330 real estate properties
in Wood River, IL,
with a median automated valuation model (AVM) price
of $123,634.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Wood River, 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 Wood River, IL,
is $154,977.00, with the most expensive house
in Wood River, IL, topping out
at $8,928,442.00 and the cheapest home
in Wood River, IL,
clocking in at $12,905.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Wood River, IL!
Rent Prices
In Wood River, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Wood River, IL, is on
a rollercoaster ride. The
average rent price in Wood River, IL,
is $1,090.00. Indeed, when looking to rent in
Wood River, IL, you can expect to pay as little
as $570.00 or as much
as $2,300.00,
with the average rent median estimated to
be $1,080.00. The good news is that finding
an affordable and desirable property to rent in Wood River, 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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