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Cheap Homes in Freeport, IL

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Freeport, IL Foreclosures

Current Market Conditions in in Freeport, IL As of February 2026?
In the past month, Freeport's real estate market has shown signs of stabilization, with a slight uptick in home sales compared to the previous month. Increased interest rates have led to a nuanced negotiating environment, but buyers remain active, particularly in the lower price brackets. Homeowners are encouraged to present their properties in the best light to attract potential buyers swiftly.
How much do homes sell for in Freeport, IL?
The average home price is currently $150,328.
In Freeport, IL, how many homes are available?
There are currently 12 active home listings available in Freeport.
What’s the average rental cost in Freeport, IL?
The average rental price in Freeport is $1,084.
What is the most expensive home in Freeport?
The most expensive home sold in Freeport had a price of $3,372,846.
What is currently the cheapest priced home in Freeport, IL?
The cheapest home for sale in Freeport is priced at $15,239.

Living in Freeport, IL

Freeport, IL is a welcoming city in northwest Illinois that boasts a rich history, a range of recreational activities, and a revitalized downtown area. It offers an inviting atmosphere for families and professionals with easy access to amenities and outdoor adventures. With many local events and community activities throughout the year, Freeport is an excellent place to call home.

Buyer vs Seller Market in Freeport, IL

The Freeport real estate market has seen a gradual increase in home prices over the past several months, with a steady demand for single-family homes. Buyers are particularly interested in homes that offer modern amenities and are located within a short distance from the downtown area.

Currently, the market is considered favorable for sellers, as the inventory of homes available for sale is lower than average, leading to more competitive bidding situations, especially for well-located properties.

Home Value Estimator For Freeport, IL

There are currently 11,093 real estate properties in Freeport, IL, with a median automated valuation model (AVM) price of $123,377.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Freeport, 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 Freeport, IL, is $150,328.00, with the most expensive house in Freeport, IL, topping out at $3,372,846.00 and the cheapest home in Freeport, IL, clocking in at $15,239.00. In other words, there’s something for every potential homebuyer or savvy investor in Freeport, IL!

Rent Prices In Freeport, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Freeport, IL, is on a rollercoaster ride. The average rent price in Freeport, IL, is $1,084.00. Indeed, when looking to rent in Freeport, IL, you can expect to pay as little as $450.00 or as much as $2,680.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in Freeport, 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.

Cheap Homes in Freeport, IL

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