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Short Sale Listings in Arcola, IL

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Arcola, IL Foreclosures

How much do homes sell for in Arcola, IL?
The average home price is currently $193,905.
In Arcola, IL, how many homes are available?
There are currently 4 active home listings available in Arcola.
What’s the average rental cost in Arcola, IL?
The average rental price in Arcola is $1,236.
What is the most expensive home in Arcola?
The most expensive home sold in Arcola had a price of $1,519,600.
What is currently the cheapest priced home in Arcola, IL?
The cheapest home for sale in Arcola is priced at $13,683.

Living in Arcola, IL

Arcola, IL is a charming small town that boasts a close-knit community and rich agricultural heritage. With family-friendly amenities, good schooling options, and a vibrant local culture, it offers a welcoming environment for both families and retirees. The scenic beauty of the area complemented by various community events enhances the quality of life here.

Current Market Conditions in Arcola, IL

The real estate market in Arcola, IL is currently experiencing steady demand, with a mix of traditional single-family homes and agricultural properties available for sale. As the population slightly grows, so does the interest from homebuyers seeking an affordable living environment while still being within commuting distance of larger cities.

With moderate appreciation rates over the past several years, the market remains attractive for both first-time homebuyers and investors. The availability of homes at various price points keeps competition healthy, making it a good time to explore options in this tranquil area.

Home Value Estimator For Arcola, IL

There are currently 1,378 real estate properties in Arcola, IL, with a median automated valuation model (AVM) price of $160,713.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Arcola, 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 Arcola, IL, is $193,905.00, with the most expensive house in Arcola, IL, topping out at $1,519,600.00 and the cheapest home in Arcola, IL, clocking in at $13,683.00. In other words, there’s something for every potential homebuyer or savvy investor in Arcola, IL!

Rent Prices In Arcola, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Arcola, IL, is on a rollercoaster ride. The average rent price in Arcola, IL, is $1,236.00. Indeed, when looking to rent in Arcola, IL, you can expect to pay as little as $550.00 or as much as $2,760.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in Arcola, 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.

Arcola, IL Short Sale Listings

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