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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 $368,520.
In Mahomet, IL, how many homes are available?
There are currently 156 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 $4,277,983.
What is currently the cheapest priced home in Mahomet, IL?
The cheapest home for sale in Mahomet is priced at $14,251.

Living in Mahomet, IL

Mahomet is a charming suburban community located just north of Champaign-Urbana in Illinois. The town is known for its friendly atmosphere, strong school districts, and an array of parks and recreational activities, making it an attractive place for families and young professionals alike. With easy access to major highways, residents enjoy a peaceful lifestyle with urban conveniences just a short drive away.

Current Market Conditions in Mahomet, IL

The current real estate market in Mahomet is experiencing a surge in demand with a limited inventory of homes, resulting in competitive pricing and multiple bids on popular listings. Homebuyers are particularly drawn to the area's family-friendly atmosphere and attractive amenities.

There has been a noticeable increase in new constructions and developments, indicating a growing interest from buyers looking for modern homes in the community.

Home Value Estimator For Mahomet, IL

There are currently 4,679 real estate properties in Mahomet, IL, with a median automated valuation model (AVM) price of $328,330.00. 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 $368,520.00, with the most expensive house in Mahomet, IL, topping out at $4,277,983.00 and the cheapest home in Mahomet, IL, clocking in at $14,251.00. 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: 156

Market Values:

Home Prices from $14,251 to $4,277,983

Average Sales Price: $368,520

Rental Values:

Rental from $730 to $4,400

Average Rent Value: $1,758 / month

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