Foreclosures in Macomb, IL

Current Market Conditions in Macomb, IL

The Macomb real estate market is currently experiencing a steady demand, particularly among first-time homebuyers and rental seekers due to the presence of the university. Prices have shown slight growth as inventory remains limited, and properties are selling relatively quickly, indicating a balanced market that favors sellers while still providing opportunities for buyers.

An increase in new construction and renovations in surrounding neighborhoods is creating competition for existing homes, leading to a diversification of housing options in the area. Potential investors are taking note of the growing rental market, especially for multi-family dwellings catering to university students.

Rent Prices In Macomb, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Macomb, IL, is on a rollercoaster ride. The average rent price in Macomb, IL, is $1,150.00. Indeed, when looking to rent in Macomb, IL, you can expect to pay as little as $600.00 or as much as $3,180.00, with the average rent median estimated to be $1,140.00. The good news is that finding an affordable and desirable property to rent in Macomb, 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.