Cleveland, IL Foreclosures
Current Market Conditions in in Cleveland, IL As of February 2026?
Over the past month, the Cleveland real estate market has shown signs of resilience with modest price increases across various neighborhoods. Homes priced correctly are selling faster than in the previous months, indicating that buyers are becoming more confident in making offers. There has been a slight rise in inventory, which provides more options for potential buyers, though demand remains high, especially among first-time home buyers and those looking for starter homes.
How much do homes sell for in Cleveland, IL?
The average home price is currently $178,568.
In Cleveland, IL, how many homes are available?
There are currently 1 active home listings available in Cleveland.
What’s the average rental cost in Cleveland, IL?
The average rental price in Cleveland is $1,180.
What is the most expensive home in Cleveland?
The most expensive home sold in Cleveland had a price of $483,810.
What is currently the cheapest priced home in Cleveland, IL?
The cheapest home for sale in Cleveland is priced at $33,113.
Living in Cleveland, IL
Cleveland, Illinois, is a charming small town known for its friendly community and peaceful atmosphere. Residents enjoy a slower pace of life, with access to local parks and outdoor spaces. With its convenient location and a good mix of local amenities, Cleveland is perfect for families and those seeking a serene environment.
Buyer vs Seller Market in Cleveland, IL
The current real estate market in Cleveland, IL is experiencing a slight uptick in home prices as demand continues to grow. New families are moving into the area, attracted by the affordable housing and the sense of community. Inventory remains stable, but homes in prime locations often see multiple offers, indicating a competitive market.
Investors and home buyers are increasingly recognizing the potential of Cleveland as a desirable location for long-term investment. The trend of new developments and renovations in the area suggests a positive outlook for property values, particularly as the town improves local amenities and infrastructure.
Home Value Estimator For Cleveland, IL
There are currently 109 real estate properties
in Cleveland, IL,
with a median automated valuation model (AVM) price
of $163,149.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Cleveland, 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 Cleveland, IL,
is $178,568.00, with the most expensive house
in Cleveland, IL, topping out
at $483,810.00 and the cheapest home
in Cleveland, IL,
clocking in at $33,113.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Cleveland, IL!
Rent Prices
In Cleveland, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Cleveland, IL, is on
a rollercoaster ride. The
average rent price in Cleveland, IL,
is $1,180.00. Indeed, when looking to rent in
Cleveland, IL, you can expect to pay as little
as $600.00 or as much
as $2,220.00,
with the average rent median estimated to
be $1,140.00. The good news is that finding
an affordable and desirable property to rent in Cleveland, 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.
Learn more on Foreclosure homes
