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City-owned Homes And Land in Downs, IL

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Downs, IL Foreclosures

Current Market Conditions in Downs, IL as of October 2026?
Home values: -1.77% MoM; rent: +0.00% MoM.
How much do homes sell for in Downs, IL?
The average home price is currently $343,231.
In Downs, IL, how many homes are available?
There are currently 2 active home listings available in Downs.
What’s the average rental cost in Downs, IL?
The average rental price in Downs is $1,775.
What is the most expensive home in Downs?
The most expensive home sold in Downs had a price of $1,833,097.
What is currently the cheapest priced home in Downs, IL?
The cheapest home for sale in Downs is priced at $35,114.

Living in Downs, IL

Downs is a small village near Bloomington-Normal with single-family housing, rural surroundings, Tri-Valley schools, and convenient access to McLean County employment and amenities.

Buyer vs Seller Market in Downs, IL

Median home value: $313,167 as of 2026-10-14.

Median rent: $1,680 as of 2026-10-14.

Home values: -1.77% MoM, +3.42% YoY.

Rent: +0.00% MoM, +0.00% YoY.

Home Value Estimator For Downs, IL

There are currently 839 real estate properties in Downs, IL, with a median automated valuation model (AVM) price of $313,167.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Downs, 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 Downs, IL, is $343,231.00, with the most expensive house in Downs, IL, topping out at $1,833,097.00 and the cheapest home in Downs, IL, clocking in at $35,114.00. In other words, there’s something for every potential homebuyer or savvy investor in Downs, IL!

Rent Prices In Downs, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Downs, IL, is on a rollercoaster ride. The average rent price in Downs, IL, is $1,775.00. Indeed, when looking to rent in Downs, IL, you can expect to pay as little as $970.00 or as much as $4,080.00, with the average rent median estimated to be $1,680.00. The good news is that finding an affordable and desirable property to rent in Downs, 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.

Downs, IL City-owned Homes And Land

Downs, IL
City-Owned Homes and Land Market

Listings  2
Area price range
$35,114 – $1,833,097
Avg market value
$343,231
Property types
Homes & Land
Sale method
Auction / Bid / RFP

In Downs, IL, city-owned homes and land are sold by the municipality or a public land bank — often below the surrounding market, where home values typically range $35,114 to $1,833,097 (averaging about $343,231). Inventory can include vacant lots, tax-foreclosed homes, and surplus parcels offered through public auctions, sealed bids, or request-for-proposal programs.

  • Active inventory: 2 city-owned properties currently available in Downs.
  • Below market: Municipal sales prioritize redevelopment over profit, so prices can fall under the ~$343,231 local average.
  • Buyer note: Listings may carry use restrictions or rehabilitation requirements — review the terms before you bid.
At-a-glance: Local avg value: $343,231 • Sold via auction, sealed bid, or RFP
City-owned availability and terms vary by municipality. Market values reflect recent local activity and may vary by neighborhood and property type.

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