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Short Sale Listings in Lansing, IL

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Lansing, IL Foreclosures

How much do homes sell for in Lansing, IL?
The average home price is currently $222,687.
In Lansing, IL, how many homes are available?
There are currently 153 active home listings available in Lansing.
What’s the average rental cost in Lansing, IL?
The average rental price in Lansing is $1,341.
What is the most expensive home in Lansing?
The most expensive home sold in Lansing had a price of $11,795,746.
What is currently the cheapest priced home in Lansing, IL?
The cheapest home for sale in Lansing is priced at $10,113.

Living in Lansing, IL

Lansing, Illinois is a vibrant village located just south of Chicago, making it an ideal place for commuters seeking a suburban lifestyle with easy access to the city. The area boasts a mix of residential neighborhoods, parks, and diverse amenities. With a family-friendly atmosphere and a strong sense of community, Lansing also offers local dining options and recreational facilities.

Current Market Conditions in Lansing, IL

The real estate market in Lansing, IL has become increasingly competitive over the past year, driven by low interest rates and a steady demand for housing. Prices have risen steadily while inventory remains low, particularly for single-family homes. This trend has attracted many first-time homebuyers and families looking for a safe community near Chicago.

Many sellers are receiving multiple offers on homes, which has led to a faster sales cycle, while buyers are looking for homes with ample space, as remote working trends continue.

Investors are also taking note of the potential in Lansing, with opportunities for rental properties due to the area's proximity to the city and reasonable housing costs while maintaining quality schools and community services.

Home Value Estimator For Lansing, IL

There are currently 11,054 real estate properties in Lansing, IL, with a median automated valuation model (AVM) price of $202,949.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lansing, 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 Lansing, IL, is $222,687.00, with the most expensive house in Lansing, IL, topping out at $11,795,746.00 and the cheapest home in Lansing, IL, clocking in at $10,113.00. In other words, there’s something for every potential homebuyer or savvy investor in Lansing, IL!

Rent Prices In Lansing, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lansing, IL, is on a rollercoaster ride. The average rent price in Lansing, IL, is $1,341.00. Indeed, when looking to rent in Lansing, IL, you can expect to pay as little as $750.00 or as much as $2,760.00, with the average rent median estimated to be $1,370.00. The good news is that finding an affordable and desirable property to rent in Lansing, 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.

Lansing, IL Short Sale Listings

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