Lerna, IL Foreclosures
How much do homes sell for in Lerna, IL?
The average home price is currently $197,281.
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 $2,055,394.
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 tranquil small town in Coles County known for its rural charm and strong community spirit. With excellent educational opportunities and proximity to larger cities, it offers a perfect balance between peace and accessibility. Residents can enjoy a variety of outdoor activities and community events throughout the year.
Current Market Conditions in Lerna, IL
The current real estate market in Lerna, IL, is showing steady growth, with an increase in demand for homes due to the area's appealing lifestyle and affordability. The low inventory of homes for sale is creating a competitive environment, driving prices slightly higher as more buyers seek to invest in this serene community.
Recent trends indicate that families and retirees are moving to Lerna for its quality of life, resulting in a gradual rise in property values. With attractive housing options and the benefit of a small-town atmosphere, Lerna is becoming increasingly popular among those looking to escape the hustle and bustle of the city.
Home Value Estimator For Lerna, IL
There are currently 456 real estate properties
in Lerna, IL,
with a median automated valuation model (AVM) price
of $171,647.00. 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 $197,281.00, with the most expensive house
in Lerna, IL, topping out
at $2,055,394.00 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.
Learn more on Foreclosure homes
