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City-owned Homes And Land in Champaign, IL 61820

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Champaign, IL Foreclosures

How much do homes sell for in Champaign, IL?
The average home price is currently $319,424.
In Champaign, IL, how many homes are available?
There are currently 479 active home listings available in Champaign.
What’s the average rental cost in Champaign, IL?
The average rental price in Champaign is $1,575.
What is the most expensive home in Champaign?
The most expensive home sold in Champaign had a price of $142,954,752.
What is currently the cheapest priced home in Champaign, IL?
The cheapest home for sale in Champaign is priced at $10,708.

Living in Champaign, IL

Champaign, Illinois, is a dynamic city that combines a rich educational environment with a range of cultural experiences. Home to the University of Illinois, it offers diverse amenities, recreational parks, and a lively arts scene. Residents enjoy access to local businesses and community events, creating a vibrant atmosphere for all ages.

Current Market Conditions in Champaign, IL

The current real estate market in Champaign is experiencing a steady increase in demand, influenced by the presence of a major university and growing job opportunities. Homes are being sold quickly, often with multiple offers, reflecting the competitive nature of the market.

Overall, the Champaign housing market has been gaining popularity among first-time homebuyers and investors looking for affordable options compared to surrounding metropolitan areas. With steady population growth, the demand for housing is expected to continue rising.

Home Value Estimator For Champaign, IL

There are currently 24,133 real estate properties in Champaign, IL, with a median automated valuation model (AVM) price of $232,058.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Champaign, 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 Champaign, IL, is $319,424.00, with the most expensive house in Champaign, IL, topping out at $142,954,752.00 and the cheapest home in Champaign, IL, clocking in at $10,708.00. In other words, there’s something for every potential homebuyer or savvy investor in Champaign, IL!

Rent Prices In Champaign, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Champaign, IL, is on a rollercoaster ride. The average rent price in Champaign, IL, is $1,575.00. Indeed, when looking to rent in Champaign, IL, you can expect to pay as little as $580.00 or as much as $5,380.00, with the average rent median estimated to be $1,460.00. The good news is that finding an affordable and desirable property to rent in Champaign, 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.

Champaign, IL 61820 City-owned Homes And Land

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