Foreclosure Homes in Delavan, IL

Current Market Conditions in Delavan, IL

The real estate market in Delavan has shown steady growth over the past few years, with an increasing number of home buyers seeking the charm of small-town living combined with convenient access to larger cities. The housing market here remains relatively affordable compared to nearby urban areas, making it an attractive option for first-time buyers and families alike.

As of late summer 2023, the market has experienced a slight uptick in inventory, providing more options for prospective buyers. However, with demand still surpassing supply, prices have remained stable, making it a good time for sellers to consider listing their homes.

Rent Prices In Delavan, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Delavan, IL, is on a rollercoaster ride. The average rent price in Delavan, IL, is $1,293.00. Indeed, when looking to rent in Delavan, IL, you can expect to pay as little as $650.00 or as much as $2,540.00, with the average rent median estimated to be $1,250.00. The good news is that finding an affordable and desirable property to rent in Delavan, 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.