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Condo Foreclosures in Lena, IL 61048

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Lena, IL Foreclosures

Current Market Conditions in in Lena, IL As of January 2026?
In the last month, Lena's real estate market has experienced a slight uptick in activity as buyers are turning their attention to more affordable housing options. With interest rates slightly decreasing, potential buyers are encouraged to explore homes in the area. Moreover, several properties that had been lingering on the market have finally secured contracts, signaling a potential shift in buyer confidence and market dynamics.
How much do homes sell for in Lena, IL?
The average home price is currently $233,682.
What’s the average rental cost in Lena, IL?
The average rental price in Lena is $1,332.
What is the most expensive home in Lena?
The most expensive home sold in Lena had a price of $8,758,319.
What is currently the cheapest priced home in Lena, IL?
The cheapest home for sale in Lena is priced at $26,668.

Living in Lena, IL

Lena, Illinois, is a quaint town known for its welcoming community and beautiful rural surroundings. Offering a mix of small-town charm and outdoor activities, Lena boasts local shops, parks, and a rich history. It is a perfect place for families and individuals looking for a peaceful lifestyle surrounded by nature.

Buyer vs Seller Market in Lena, IL

In recent months, the real estate market in Lena has shown signs of stability with a modest increase in home values. While inventory levels remain relatively low, demand for homes has been consistent, attracting both local buyers and those from nearby urban areas. The affordability of properties in Lena compared to larger cities draws attention, making it an appealing option for first-time homebuyers and investors.

Home Value Estimator For Lena, IL

There are currently 1,616 real estate properties in Lena, IL, with a median automated valuation model (AVM) price of $203,742.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lena, 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 Lena, IL, is $233,682.00, with the most expensive house in Lena, IL, topping out at $8,758,319.00 and the cheapest home in Lena, IL, clocking in at $26,668.00. In other words, there’s something for every potential homebuyer or savvy investor in Lena, IL!

Rent Prices In Lena, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lena, IL, is on a rollercoaster ride. The average rent price in Lena, IL, is $1,332.00. Indeed, when looking to rent in Lena, IL, you can expect to pay as little as $610.00 or as much as $2,180.00, with the average rent median estimated to be $1,300.00. The good news is that finding an affordable and desirable property to rent in Lena, 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.

Lena, IL 61048 Condos

Market Trend for Lena, IL

Total Listings Available: 0

Market Values:

Home Prices from $26,668 to $8,758,319

Average Sales Price: $233,682

Rental Values:

Rental from $610 to $2,180

Average Rent Value: $1,332 / month

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