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Foreclosure Homes in Lebanon, IL

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Lebanon, IL Foreclosures

How much do homes sell for in Lebanon, IL?
The average home price is currently $263,055.
In Lebanon, IL, how many homes are available?
There are currently 22 active home listings available in Lebanon.
What’s the average rental cost in Lebanon, IL?
The average rental price in Lebanon is $1,206.
What is the most expensive home in Lebanon?
The most expensive home sold in Lebanon had a price of $5,614,568.
What is currently the cheapest priced home in Lebanon, IL?
The cheapest home for sale in Lebanon is priced at $10,700.

Living in Lebanon, IL

Lebanon, Illinois is a quaint town with a strong sense of community and a friendly atmosphere. Residents enjoy easy access to local parks and recreational activities while being close to larger urban centers for additional amenities. The town maintains a balance of rural charm with modern conveniences, making it an attractive place to call home.

Current Market Conditions in Lebanon, IL

The real estate market in Lebanon, IL is currently experiencing a steady demand, with home prices gradually trending upward over the past few months. Buyers are drawn to the town's affordability compared to nearby urban areas, as well as the town's family-friendly amenities and strong sense of community.

The market has seen a slight increase in home sales this year compared to last year, indicating a growing interest in homes in Lebanon. However, inventory levels remain low, leading to a competitive environment for buyers. Homes that are well-maintained and priced appropriately are selling quickly.

Home Value Estimator For Lebanon, IL

There are currently 2,550 real estate properties in Lebanon, IL, with a median automated valuation model (AVM) price of $196,529.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lebanon, 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 Lebanon, IL, is $263,055.00, with the most expensive house in Lebanon, IL, topping out at $5,614,568.00 and the cheapest home in Lebanon, IL, clocking in at $10,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Lebanon, IL!

Rent Prices In Lebanon, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lebanon, IL, is on a rollercoaster ride. The average rent price in Lebanon, IL, is $1,206.00. Indeed, when looking to rent in Lebanon, IL, you can expect to pay as little as $600.00 or as much as $2,560.00, with the average rent median estimated to be $1,130.00. The good news is that finding an affordable and desirable property to rent in Lebanon, 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.

Lebanon, IL Foreclosures

Market Trend for Lebanon, IL

Total Listings Available: 22

Market Values:

Home Prices from $10,700 to $5,614,568

Average Sales Price: $263,055

Rental Values:

Rental from $600 to $2,560

Average Rent Value: $1,206 / month

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