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Foreclosure Homes in Decatur, IL 62526

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Decatur, IL Foreclosures

How much do homes sell for in Decatur, IL?
The average home price is currently $136,541.
In Decatur, IL, how many homes are available?
There are currently 87 active home listings available in Decatur.
What’s the average rental cost in Decatur, IL?
The average rental price in Decatur is $1,004.
What is the most expensive home in Decatur?
The most expensive home sold in Decatur had a price of $17,361,820.
What is currently the cheapest priced home in Decatur, IL?
The cheapest home for sale in Decatur is priced at $10,243.

Living in Decatur, IL

Decatur, Illinois, is a charming city known for its welcoming community and diverse amenities. Residents enjoy easy access to outdoor activities, including parks and recreational areas. The city's strong educational institutions and stable economy make it an ideal location for families and investors alike.

Current Market Conditions in Decatur, IL

The real estate market in Decatur is currently in a state of moderate growth, with home prices rising steadily as demand increases. Investors are attracted to the affordable housing options available, paired with the potential for appreciation as the city continues to develop.

There are signs of increasing interest in the local real estate market, particularly among young professionals and families seeking affordable living in a vibrant community. This trend is expected to continue as more amenities and services are added, making Decatur a compelling choice for real estate investment.

Home Value Estimator For Decatur, IL

There are currently 32,414 real estate properties in Decatur, IL, with a median automated valuation model (AVM) price of $101,406.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Decatur, 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 Decatur, IL, is $136,541.00, with the most expensive house in Decatur, IL, topping out at $17,361,820.00 and the cheapest home in Decatur, IL, clocking in at $10,243.00. In other words, there’s something for every potential homebuyer or savvy investor in Decatur, IL!

Rent Prices In Decatur, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Decatur, IL, is on a rollercoaster ride. The average rent price in Decatur, IL, is $1,004.00. Indeed, when looking to rent in Decatur, IL, you can expect to pay as little as $430.00 or as much as $2,520.00, with the average rent median estimated to be $960.00. The good news is that finding an affordable and desirable property to rent in Decatur, 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.

Decatur, IL 62526 Foreclosures

Market Trend for Decatur, IL

Total Listings Available: 87

Market Values:

Home Prices from $10,243 to $17,361,820

Average Sales Price: $136,541

Rental Values:

Rental from $430 to $2,520

Average Rent Value: $1,004 / month

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