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Preforeclosure Homes in Champaign, IL

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Champaign, IL Foreclosures

How much do homes sell for in Champaign, IL?
The average home price is currently $320,577.
In Champaign, IL, how many homes are available?
There are currently 46 active home listings available in Champaign.
What’s the average rental cost in Champaign, IL?
The average rental price in Champaign is $1,581.
What is the most expensive home in Champaign?
The most expensive home sold in Champaign had a price of $144,979,864.
What is currently the cheapest priced home in Champaign, IL?
The cheapest home for sale in Champaign is priced at $10,634.

Living in Champaign, IL

Champaign, IL is a vibrant college town that combines a rich cultural scene with exceptional educational opportunities. It features a variety of parks, restaurants, and shops that cater to both residents and visitors alike. The presence of the University of Illinois enhances the city's youthful energy and diversity.

Current Market Conditions in Champaign, IL

Champaign's real estate market remains competitive, driven by the demand from students and faculty associated with the University of Illinois. The median home prices have seen steady growth as new families continue to move into the area, intrigued by its amenities and the strong local economy.

Properties in Champaign typically sell quickly due to the area's desirable schools, parks, and vibrant community life. Investors are increasingly interested in multi-family properties, catering to the ever-growing student population and the demand for rental housing.

Home Value Estimator For Champaign, IL

There are currently 24,623 real estate properties in Champaign, IL, with a median automated valuation model (AVM) price of $232,230.00. 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 $320,577.00, with the most expensive house in Champaign, IL, topping out at $144,979,864.00 and the cheapest home in Champaign, IL, clocking in at $10,634.00. 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 $1,581.00. 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 $1,470.00. 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 Preforeclosure Homes


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