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Foreclosure Homes in Mahomet, IL 61853

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Mahomet, IL Foreclosures

How much do homes sell for in Mahomet, IL?
The average home price is currently $361,886.
In Mahomet, IL, how many homes are available?
There are currently 155 active home listings available in Mahomet.
What’s the average rental cost in Mahomet, IL?
The average rental price in Mahomet is $1,758.
What is the most expensive home in Mahomet?
The most expensive home sold in Mahomet had a price of $4,225,431.
What is currently the cheapest priced home in Mahomet, IL?
The cheapest home for sale in Mahomet is priced at $13,917.

Living in Mahomet, IL

Mahomet, IL is a charming small town that offers a great lifestyle with easy access to urban amenities. Known for its family-friendly atmosphere, quality education, and beautiful parks, Mahomet is ideal for those who appreciate a slower pace of life while still being close to major city conveniences. It's a perfect place for real estate investment due to its growing popularity and community spirit.

Current Market Conditions in Mahomet, IL

The Mahomet real estate market has seen consistent growth over the past few years. The affordable housing options combined with the area's appeal to families have contributed to an increase in demand. Investors can expect a healthy return on rental properties due to the strong rental market fueled by nearby educational institutions and employment opportunities in the surrounding area.

Current trends indicate a rise in new developments and construction in Mahomet as the area continues to attract newcomers. This growth suggests that now is a prime time for investment, with the opportunity for increases in home values as the community expands.

Home Value Estimator For Mahomet, IL

There are currently 4,678 real estate properties in Mahomet, IL, with a median automated valuation model (AVM) price of $322,496.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mahomet, 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 Mahomet, IL, is $361,886.00, with the most expensive house in Mahomet, IL, topping out at $4,225,431.00 and the cheapest home in Mahomet, IL, clocking in at $13,917.00. In other words, there’s something for every potential homebuyer or savvy investor in Mahomet, IL!

Rent Prices In Mahomet, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mahomet, IL, is on a rollercoaster ride. The average rent price in Mahomet, IL, is $1,758.00. Indeed, when looking to rent in Mahomet, IL, you can expect to pay as little as $730.00 or as much as $4,400.00, with the average rent median estimated to be $1,670.00. The good news is that finding an affordable and desirable property to rent in Mahomet, 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.

Mahomet, IL 61853 Foreclosures


Market Trend for Mahomet, IL

Total Listings Available: 155

Market Values:

Home Prices from $13,917 to $4,225,431

Average Sales Price: $361,886

Rental Values:

Rental from $730 to $4,400

Average Rent Value: $1,758 / month

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