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Preforeclosure 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 $146,293.
In Decatur, IL, how many homes are available?
There are currently 46 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 $47,904,704.
What is currently the cheapest priced home in Decatur, IL?
The cheapest home for sale in Decatur is priced at $10,169.

Living in Decatur, IL

Decatur, IL is a welcoming city with a strong sense of community, diverse employment opportunities, and a variety of recreational activities. Residents enjoy a mix of urban and natural environments, highlighted by beautiful parks and a vibrant downtown area. With its family-friendly events and reputable educational institutions, Decatur is an attractive place to call home.

Current Market Conditions in Decatur, IL

The real estate market in Decatur has shown steady growth over the past year, driven by an increase in demand for housing. With a mix of affordable single-family homes and new construction, buyers have plenty of options. The rental market is also thriving, appealing to both residents and students from local universities.

Recently, home prices have increased, but they remain competitive compared to neighboring cities. Factors such as low interest rates and a growing economy are attracting newcomers to the area, contributing to a bullish sentiment in the local market.

Home Value Estimator For Decatur, IL

There are currently 32,465 real estate properties in Decatur, IL, with a median automated valuation model (AVM) price of $110,620.00. 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 $146,293.00, with the most expensive house in Decatur, IL, topping out at $47,904,704.00 and the cheapest home in Decatur, IL, clocking in at $10,169.00. 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 Preforeclosure Homes

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