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Foreclosure Homes in Champaign, IL 61822

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Champaign, IL Foreclosures

How much do homes sell for in Champaign, IL?
The average home price is currently $316,690.
In Champaign, IL, how many homes are available?
There are currently 338 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 $139,907,056.
What is currently the cheapest priced home in Champaign, IL?
The cheapest home for sale in Champaign is priced at $10,544.

Living in Champaign, IL

Champaign, IL, is a lively college town offering a rich cultural experience with diverse dining and entertainment options. The presence of the University of Illinois enhances the community's vibrancy, making it an exciting place to live or invest in real estate. With numerous parks and strong public transport, it caters to residents looking for both convenience and activities.

Current Market Conditions in Champaign, IL

The real estate market in Champaign remains competitive, with steady demand for both rental and ownership properties. Recent trends indicate a slight increase in home prices due to limited inventory and continued growth in the area driven by the university and local businesses.

Champaign has witnessed a surge in new constructions and renovations, particularly in and around the downtown area, as developers recognize the area's growth potential and the continued influx of students and young professionals.

Home Value Estimator For Champaign, IL

There are currently 24,130 real estate properties in Champaign, IL, with a median automated valuation model (AVM) price of $230,561.00. 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 $316,690.00, with the most expensive house in Champaign, IL, topping out at $139,907,056.00 and the cheapest home in Champaign, IL, clocking in at $10,544.00. 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 61822 Foreclosures

Market Trend for Champaign, IL

Total Listings Available: 338

Market Values:

Home Prices from $10,544 to $139,907,056

Average Sales Price: $316,690

Rental Values:

Rental from $580 to $5,380

Average Rent Value: $1,575 / month

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