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Foreclosures in Effingham, IL 62401

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Effingham, IL Foreclosures

How much do homes sell for in Effingham, IL?
The average home price is currently $299,647.
In Effingham, IL, how many homes are available?
There are currently 12 active home listings available in Effingham.
What’s the average rental cost in Effingham, IL?
The average rental price in Effingham is $1,319.
What is the most expensive home in Effingham?
The most expensive home sold in Effingham had a price of $13,191,828.
What is currently the cheapest priced home in Effingham, IL?
The cheapest home for sale in Effingham is priced at $14,289.

Living in Effingham, IL

Effingham, IL is a welcoming community that provides a small-town ambiance with the conveniences of larger cities. Residents enjoy a mix of outdoor activities, local shops, and reliable education options, making it an ideal place to raise a family. Conveniently located at the intersection of two major interstates, Effingham is well-connected and provides a sense of belonging amongst its residents.

Current Market Conditions in Effingham, IL

Effingham's real estate market has been stable with a slow, but steady increase in home values over the past year. The market has seen a mix of traditional single-family homes and newer developments, catering to both first-time buyers and those seeking more upscale properties.

Currently, the inventory of homes for sale is at an all-time low, causing a slight increase in competition among buyers. This has driven prices up modestly, but compared to nearby major cities, these homes still offer significant value.

Home Value Estimator For Effingham, IL

There are currently 6,869 real estate properties in Effingham, IL, with a median automated valuation model (AVM) price of $225,890.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Effingham, 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 Effingham, IL, is $299,647.00, with the most expensive house in Effingham, IL, topping out at $13,191,828.00 and the cheapest home in Effingham, IL, clocking in at $14,289.00. In other words, there’s something for every potential homebuyer or savvy investor in Effingham, IL!

Rent Prices In Effingham, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Effingham, IL, is on a rollercoaster ride. The average rent price in Effingham, IL, is $1,319.00. Indeed, when looking to rent in Effingham, IL, you can expect to pay as little as $630.00 or as much as $2,720.00, with the average rent median estimated to be $1,360.00. The good news is that finding an affordable and desirable property to rent in Effingham, 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.

Effingham, IL 62401 Foreclosures

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