Lexington, IL Foreclosures
How much do homes sell for in Lexington, IL?
The average home price is currently $268,078.
In Lexington, IL, how many homes are available?
There are currently 1 active home listings available in Lexington.
What’s the average rental cost in Lexington, IL?
The average rental price in Lexington is $1,361.
What is the most expensive home in Lexington?
The most expensive home sold in Lexington had a price of $3,735,000.
What is currently the cheapest priced home in Lexington, IL?
The cheapest home for sale in Lexington is priced at $14,538.
Living in Lexington, IL
Lexington, IL, is a peaceful small town in McLean County characterized by its welcoming community spirit and outdoor recreational opportunities. Just a short drive from larger cities, residents enjoy a blend of small-town charm and accessibility to urban amenities. The town is well-equipped with schools, parks, and community events that enhance its family-friendly environment.
Current Market Conditions in Lexington, IL
The real estate market in Lexington is currently experiencing moderate growth, with an increase in demand for homes compared to the previous year. This trend is influenced by the town's affordability, attractive lifestyle, and proximity to larger metropolitan areas, making it an appealing choice for families and young professionals alike.
While prices have been steadily rising, many homes in Lexington still maintain relatively affordable entry points, attracting first-time homebuyers. The market has shown resilience, with homes typically selling within a few weeks, demonstrating strong buyer interest.
Home Value Estimator For Lexington, IL
There are currently 1,234 real estate properties
in Lexington, IL,
with a median automated valuation model (AVM) price
of $211,829.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lexington, 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 Lexington, IL,
is $268,078.00, with the most expensive house
in Lexington, IL, topping out
at $3,735,000.00 and the cheapest home
in Lexington, IL,
clocking in at $14,538.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lexington, IL!
Rent Prices
In Lexington, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lexington, IL, is on
a rollercoaster ride. The
average rent price in Lexington, IL,
is $1,361.00. Indeed, when looking to rent in
Lexington, IL, you can expect to pay as little
as $800.00 or as much
as $2,360.00,
with the average rent median estimated to
be $1,330.00. The good news is that finding
an affordable and desirable property to rent in Lexington, 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
