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Preforeclosure Homes in Colona, IL

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Colona, IL Foreclosures

How much do homes sell for in Colona, IL?
The average home price is currently $188,997.
In Colona, IL, how many homes are available?
There are currently 2 active home listings available in Colona.
What’s the average rental cost in Colona, IL?
The average rental price in Colona is $1,242.
What is the most expensive home in Colona?
The most expensive home sold in Colona had a price of $1,719,007.
What is currently the cheapest priced home in Colona, IL?
The cheapest home for sale in Colona is priced at $10,201.

Living in Colona, IL

Colona, Illinois, is a quaint, small town with a welcoming community atmosphere. Known for its picturesque landscapes and outdoor recreational opportunities, it benefits from proximity to larger cities for added amenities. Residents enjoy a peaceful lifestyle enriched by nature and local activities.

Current Market Conditions in Colona, IL

The real estate market in Colona remains stable, with a steady demand for single-family homes due in part to its attractive setting and community charm. Homes typically sell well within a month of listing, indicating a healthy interest from both new buyers and those relocating to the area. An increasing number of buyers are investing in the area for vacation homes, appreciating the quiet atmosphere and natural beauty.

While home prices in Colona have shown modest growth over the past year, they remain affordable compared to urban areas. The balance of supply and demand indicates that Colona could continue to see gradual appreciation in home values, making it a promising location for investment.

Home Value Estimator For Colona, IL

There are currently 2,764 real estate properties in Colona, IL, with a median automated valuation model (AVM) price of $172,252.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Colona, 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 Colona, IL, is $188,997.00, with the most expensive house in Colona, IL, topping out at $1,719,007.00 and the cheapest home in Colona, IL, clocking in at $10,201.00. In other words, there’s something for every potential homebuyer or savvy investor in Colona, IL!

Rent Prices In Colona, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Colona, IL, is on a rollercoaster ride. The average rent price in Colona, IL, is $1,242.00. Indeed, when looking to rent in Colona, IL, you can expect to pay as little as $470.00 or as much as $2,200.00, with the average rent median estimated to be $1,230.00. The good news is that finding an affordable and desirable property to rent in Colona, 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.

Colona, IL Preforeclosure Homes


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