Cleveland, IL Foreclosures
Current Market Conditions in in Cleveland, IL As of March 2026?
In the past month, the Cleveland real estate market has continued its upward trajectory, with a reported increase in home sales by approximately 10% compared to previous months. This uptick is due to heightened interest from buyers looking for suburban properties with desirable features.
How much do homes sell for in Cleveland, IL?
The average home price is currently $178,158.
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 $33,311.
Living in Cleveland, IL
Cleveland, Illinois, is a serene suburban community offering a blend of tranquility and accessibility. Known for its family-friendly atmosphere, it features well-maintained parks, local shops, and a strong sense of community pride. With convenient access to nearby urban centers, residents enjoy both quiet living and urban amenities.
Buyer vs Seller Market in Cleveland, IL
The real estate market in Cleveland, IL, has shown consistent growth over the past few years, with an increasing demand for single-family homes. The community's desirable location and suburban charm attract buyers seeking a quiet environment while still being near major city amenities.
Current market trends suggest a competitive environment, as inventory remains low compared to buyer demand. Homes are selling quickly, often above the asking price, emphasizing the area's appeal.
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 $163,000.00. 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 $178,158.00, with the most expensive house
in Cleveland, IL, topping out
at $483,810.00 and the cheapest home
in Cleveland, IL,
clocking in at $33,311.00. 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.
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