Condo Foreclosures in Elizabeth, IL

Buyer vs Seller Market in Elizabeth, IL

The real estate market in Elizabeth is characterized by a balance of affordable housing options and a growing interest among homebuyers seeking a quieter lifestyle. Current listings show a steady demand, particularly for single-family homes that cater to families and retirees alike. With a limited supply of homes on the market, prices are relatively stable with slight appreciation in certain segments especially as remote work becomes more prevalent and people seek out quieter locations.

In recent months, the market has shown signs of becoming more competitive, with an increase in offers on homes that come with good land and outdoor space. With many young families moving to the area, the demand for two to three-bedroom homes with larger lots is rising.

Rent Prices In Elizabeth, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elizabeth, IL, is on a rollercoaster ride. The average rent price in Elizabeth, IL, is $1,133.00. Indeed, when looking to rent in Elizabeth, IL, you can expect to pay as little as $570.00 or as much as $1,800.00, with the average rent median estimated to be $1,120.00. The good news is that finding an affordable and desirable property to rent in Elizabeth, 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.