Woodlawn, IL Foreclosures
How much do homes sell for in Woodlawn, IL?
The average home price is currently $155,384.
In Woodlawn, IL, how many homes are available?
There are currently 7 active home listings available in Woodlawn.
What’s the average rental cost in Woodlawn, IL?
The average rental price in Woodlawn is $1,103.
What is the most expensive home in Woodlawn?
The most expensive home sold in Woodlawn had a price of $662,821.
What is currently the cheapest priced home in Woodlawn, IL?
The cheapest home for sale in Woodlawn is priced at $17,614.
Living in Woodlawn, IL
Woodlawn, IL, is a community-oriented neighborhood situated on the South Side of Chicago, known for its historical significance and vibrant community atmosphere. With access to parks, educational institutions, and convenient public transport options, Woodlawn is ideal for families and individuals seeking a balance between urban amenities and neighborhood charm.
Current Market Conditions in Woodlawn, IL
The real estate market in Woodlawn has shown positive signs, with a growing interest from buyers in recent months. The average home prices have seen a gradual increase, and with the ongoing developments in the area, it's becoming more attractive to first-time homebuyers and investors alike.
As of late 2023, the demand for rental properties has also been on the rise, driven by an increase in nearby job opportunities and improvements in local infrastructure. This trend indicates a potential upward swing in property values, making Woodlawn a promising area for investment.
Home Value Estimator For Woodlawn, IL
There are currently 490 real estate properties
in Woodlawn, IL,
with a median automated valuation model (AVM) price
of $139,274.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Woodlawn, 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 Woodlawn, IL,
is $155,384.00, with the most expensive house
in Woodlawn, IL, topping out
at $662,821.00 and the cheapest home
in Woodlawn, IL,
clocking in at $17,614.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Woodlawn, IL!
Rent Prices
In Woodlawn, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Woodlawn, IL, is on
a rollercoaster ride. The
average rent price in Woodlawn, IL,
is $1,103.00. Indeed, when looking to rent in
Woodlawn, 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 $1,110.00. The good news is that finding
an affordable and desirable property to rent in Woodlawn, 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.
Learn more on Foreclosure homes
