Bankruptcy Homes in East Galesburg, IL

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View this home at Mavis Dr East Galesburg IL 61430
$154,184 EMV
View this home at Lakeview Dr East Galesburg IL 61430
$255,550 EMV
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Home Value Estimator For East Galesburg, IL

There are currently 357 real estate properties in East Galesburg, IL, with a median automated valuation model (AVM) price of $123,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in East Galesburg, 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 East Galesburg, IL, is $159,135.00, with the most expensive house in East Galesburg, IL, topping out at $1,114,800.00 and the cheapest home in East Galesburg, IL, clocking in at $21,300.00. In other words, there’s something for every potential homebuyer or savvy investor in East Galesburg, IL!

Rent Prices In East Galesburg, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in East Galesburg, IL, is on a rollercoaster ride. The average rent price in East Galesburg, IL, is $946.00. Indeed, when looking to rent in East Galesburg, IL, you can expect to pay as little as $530.00 or as much as $1,920.00, with the average rent median estimated to be $920.00. The good news is that finding an affordable and desirable property to rent in East Galesburg, 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.

Foreclosure Homes in East Galesburg, IL

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the East Galesburg, IL area at Get information on foreclosure homes for rent, how to buy foreclosures in East Galesburg, IL and much more. Save thousands at closing with home foreclosure listings in East Galesburg, IL — up to 75% off market value!

Top Reasons To Live In East Galesburg, IL In 2023

East Galesburg is located in Knox, Illinois, with an estimated municipal population of 774 residents. All of the best foreclosed homes for sale in East Galesburg are located in the following zip code areas on 61430 61448. The estimated population per square kilometer (.62 miles) in East Galesburg is 218.

Cost Of Living In East Galesburg, IL

So, about how much do homes cost in East Galesburg? The most recent median value of resident-owned homes in East Galesburg is 103,484. An estimated 72.5 percent of households in East Galesburg own their homes, with an average family size of 2.44. The median household income in East Galesburg is 59,844, with26.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in East Galesburg, the median commute time of resident workers (in minutes) is 18.6. And last, but certainly not least, are you looking for homes to rent in East Galesburg? If so, the average rent price paid by renters in East Galesburg is 670, according to recent statistics.

Diversity And Demographics In East Galesburg, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to East Galesburg, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in East Galesburg is 50.9, split between 49.4 percent male versus 50.6 female. The percentage of residents who report being married in East Galesburg is 56.7, with an average family size of 2.44.

The percentage of residents who report their race in East Galesburg is as follows:

White 97.7%
Black / African American 0%
Asian 0.2%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.1%
Other 0%

Looking for family-friendly neighborhoods in and/or near East Galesburg? Or maybe you are searching for 55+ active adult communities in and/or near East Galesburg?

The percentage of residents who report their age in East Galesburg is as follows:

Under 10 7.7%
Aged 10-19 8.2%
20s 11.3%
30s 10.7%
40s 11.4%
50s 18.5%
60s 17.6%
70s 11.4%
80+ 3.2%

Best Schools In East Galesburg, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in East Galesburg with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in East Galesburg.

Pros And Cons Of Living In East Galesburg, Illinois

How do you know that living in -- or moving to -- East Galesburg is right where you need to be? Perhaps you grew up in East Galesburg or already live nearby; therefore, the decision to buy a home in East Galesburg is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to East Galesburg for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in East Galesburg:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like East Galesburg.

Reasons To Move To East Galesburg, Illinois, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in East Galesburg can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in East Galesburg, meanwhile, can field multiple offers from more qualified buyers.

East Galesburg, IL Bankruptcy Homes


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