Donovan, IL Foreclosures
Current Market Conditions in in Donovan, IL As of February 2026?
Over the past month, Donovan has experienced a gradual increase in home sales, driven primarily by favorable mortgage rates and the increasing preference for rural living following the post-pandemic trends. The average days on market for homes have decreased as buyers are eager to secure their ideal properties before prices rise further. The inventory remains moderately low, fostering a competitive environment where well-priced homes are seeing multiple offers.
How much do homes sell for in Donovan, IL?
The average home price is currently $177,802.
In Donovan, IL, how many homes are available?
There are currently 41 active home listings available in Donovan.
What’s the average rental cost in Donovan, IL?
The average rental price in Donovan is $1,026.
What is the most expensive home in Donovan?
The most expensive home sold in Donovan had a price of $3,864,257.
What is currently the cheapest priced home in Donovan, IL?
The cheapest home for sale in Donovan is priced at $11,360.
Living in Donovan, IL
Donovan, IL is a peaceful, small town that provides an ideal environment for families and individuals seeking a quieter lifestyle. With a robust agricultural landscape, opportunities for outdoor activities, and local schools that prioritize education, Donovan offers a serene community atmosphere. It is conveniently located within driving distance of larger urban centers, providing the perfect combination of rural charm and accessibility.
Buyer vs Seller Market in Donovan, IL
The real estate market in Donovan, IL has seen stable conditions over recent months, with a slight uptick in demand for single-family homes. The community's appealing small-town atmosphere, combined with affordable housing options, has attracted prospective homebuyers looking for a quieter lifestyle outside of larger cities.
Buyers have shown interest in properties with larger lots and close proximity to nature, leading to a competitive edge for listings that offer these features. Sellers are encouraged to price their homes competitively, as there is a growing interest from buyers looking to make a move in the area.
Home Value Estimator For Donovan, IL
There are currently 258 real estate properties
in Donovan, IL,
with a median automated valuation model (AVM) price
of $133,587.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Donovan, 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 Donovan, IL,
is $177,802.00, with the most expensive house
in Donovan, IL, topping out
at $3,864,257.00 and the cheapest home
in Donovan, IL,
clocking in at $11,360.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Donovan, IL!
Rent Prices
In Donovan, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Donovan, IL, is on
a rollercoaster ride. The
average rent price in Donovan, IL,
is $1,026.00. Indeed, when looking to rent in
Donovan, IL, you can expect to pay as little
as $800.00 or as much
as $1,940.00,
with the average rent median estimated to
be $980.00. The good news is that finding
an affordable and desirable property to rent in Donovan, 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.
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