Makanda, IL Foreclosures
How much do homes sell for in Makanda, IL?
The average home price is currently $223,005.
In Makanda, IL, how many homes are available?
There are currently 71 active home listings available in Makanda.
What’s the average rental cost in Makanda, IL?
The average rental price in Makanda is $1,303.
What is the most expensive home in Makanda?
The most expensive home sold in Makanda had a price of $1,966,161.
What is currently the cheapest priced home in Makanda, IL?
The cheapest home for sale in Makanda is priced at $13,504.
Living in Makanda, IL
Makanda, Illinois, is a small village characterized by its scenic beauty and a strong sense of community. Located near Giant City State Park, it offers numerous opportunities for outdoor recreation and relaxation. With a quaint downtown, local shops, and art initiatives, it is a perfect place for those looking to enjoy a peaceful lifestyle while having access to essential amenities.
Current Market Conditions in Makanda, IL
The real estate market in Makanda is relatively stable, with a mix of affordable housing options and some unique properties that are priced higher due to their proximity to natural attractions. Recent trends show a moderate increase in housing demand, particularly among families and retirees looking for a quieter lifestyle. The current market favors buyers, but properties are still selling at competitive prices due to the area’s appeal.
As of late 2023, Makanda's property values have experienced a slight increase, particularly in certain desirable neighborhoods. Listings are becoming more limited, which may lead to increased competition among buyers, particularly for homes that offer the conveniences of modern living while being immersed in nature.
Home Value Estimator For Makanda, IL
There are currently 953 real estate properties
in Makanda, IL,
with a median automated valuation model (AVM) price
of $184,059.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Makanda, 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 Makanda, IL,
is $223,005.00, with the most expensive house
in Makanda, IL, topping out
at $1,966,161.00 and the cheapest home
in Makanda, IL,
clocking in at $13,504.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Makanda, IL!
Rent Prices
In Makanda, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Makanda, IL, is on
a rollercoaster ride. The
average rent price in Makanda, IL,
is $1,303.00. Indeed, when looking to rent in
Makanda, IL, you can expect to pay as little
as $590.00 or as much
as $2,340.00,
with the average rent median estimated to
be $1,290.00. The good news is that finding
an affordable and desirable property to rent in Makanda, 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
