Cordova, IL Foreclosures
Current Market Conditions in in Cordova, IL As of January 2026?
In the past month, Cordova's real estate market has experienced a notable uptick in buyer interest fueled by the arrival of fall. The shift in season typically brings along a surge of families eager to secure new homes before the holidays, and this year has been no exception. The average home price has risen slightly, indicating that competition remains high for attractive listings. Additionally, the average days on the market has decreased, showcasing the urgency among buyers to find their ideal home. Sellers are enjoying favorable conditions, often receiving multiple offers on well-priced properties.
How much do homes sell for in Cordova, IL?
The average home price is currently $244,795.
What’s the average rental cost in Cordova, IL?
The average rental price in Cordova is $1,539.
What is the most expensive home in Cordova?
The most expensive home sold in Cordova had a price of $1,234,652.
What is currently the cheapest priced home in Cordova, IL?
The cheapest home for sale in Cordova is priced at $12,564.
Living in Cordova, IL
Cordova, IL is a quaint village situated beside the Mississippi River, known for its serene environment and family-friendly community. Residents enjoy ample outdoor activities, excellent schools, and a close-knit atmosphere. The nearby larger towns provide convenient access to various amenities.
Buyer vs Seller Market in Cordova, IL
The Cordova real estate market has shown steady growth in recent months, reflecting a national trend of increased interest in suburban living. Many families and retirees appreciate the peaceful surroundings and are willing to invest in the community's real estate, contributing to a rise in home prices.
As of October 2023, homes in Cordova are in demand, particularly among first-time buyers looking for affordable options with good schools and outdoor spaces. The limited inventory, coupled with the area's growing appeal, has created a competitive market for those interested in purchasing property in the village.
Home Value Estimator For Cordova, IL
There are currently 591 real estate properties
in Cordova, IL,
with a median automated valuation model (AVM) price
of $201,771.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Cordova, 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 Cordova, IL,
is $244,795.00, with the most expensive house
in Cordova, IL, topping out
at $1,234,652.00 and the cheapest home
in Cordova, IL,
clocking in at $12,564.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Cordova, IL!
Rent Prices
In Cordova, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Cordova, IL, is on
a rollercoaster ride. The
average rent price in Cordova, IL,
is $1,539.00. Indeed, when looking to rent in
Cordova, IL, you can expect to pay as little
as $810.00 or as much
as $2,920.00,
with the average rent median estimated to
be $1,390.00. The good news is that finding
an affordable and desirable property to rent in Cordova, 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
