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Foreclosure Homes in Lerna, IL

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Lerna, IL Foreclosures

How much do homes sell for in Lerna, IL?
The average home price is currently $200,034.
In Lerna, IL, how many homes are available?
There are currently 2 active home listings available in Lerna.
What’s the average rental cost in Lerna, IL?
The average rental price in Lerna is $1,046.
What is the most expensive home in Lerna?
The most expensive home sold in Lerna had a price of $1,200,811.
What is currently the cheapest priced home in Lerna, IL?
The cheapest home for sale in Lerna is priced at $17,825.

Living in Lerna, IL

Lerna, IL is a quaint village in Coles County that offers a serene rural lifestyle with friendly neighbors and expansive farmland. The area is perfect for those looking for tranquility and community engagement while being just a short drive away from larger urban amenities.

Current Market Conditions in Lerna, IL

The real estate market in Lerna, IL is characterized by stable prices and a healthy turnover rate, with many properties attracting buyers who seek affordability and spacious living. The market typically sees steady demand, driven by families and retirees who appreciate the peaceful environment and close-knit community.

Home Value Estimator For Lerna, IL

There are currently 516 real estate properties in Lerna, IL, with a median automated valuation model (AVM) price of $176,518.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lerna, 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 Lerna, IL, is $200,034.00, with the most expensive house in Lerna, IL, topping out at $1,200,811.00 and the cheapest home in Lerna, IL, clocking in at $17,825.00. In other words, there’s something for every potential homebuyer or savvy investor in Lerna, IL!

Rent Prices In Lerna, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lerna, IL, is on a rollercoaster ride. The average rent price in Lerna, IL, is $1,046.00. Indeed, when looking to rent in Lerna, IL, you can expect to pay as little as $480.00 or as much as $2,000.00, 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 Lerna, 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.

Lerna, IL Foreclosures


Market Trend for Lerna, IL

Total Listings Available: 2

Market Values:

Home Prices from $17,825 to $1,200,811

Average Sales Price: $200,034

Rental Values:

Rental from $480 to $2,000

Average Rent Value: $1,046 / month

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