Malta, IL Foreclosures
How much do homes sell for in Malta, IL?
The average home price is currently $318,435.
In Malta, IL, how many homes are available?
There are currently 12 active home listings available in Malta.
What’s the average rental cost in Malta, IL?
The average rental price in Malta is $1,090.
What is the most expensive home in Malta?
The most expensive home sold in Malta had a price of $2,378,521.
What is currently the cheapest priced home in Malta, IL?
The cheapest home for sale in Malta is priced at $12,729.
Living in Malta, IL
Malta, Illinois is a vibrant village known for its welcoming community and tranquil lifestyle. With a range of local amenities, beautiful parks, and strong educational institutions, Malta is an ideal place for those seeking a peaceful home close to nature yet accessible to urban conveniences. Residents can enjoy a variety of recreational activities in a charming small-town setting.
Current Market Conditions in Malta, IL
The real estate market in Malta, IL is currently showing a steady appreciation in home values, reflecting the increasing demand for homes in this quaint village. The community is attracting families and individuals looking for a serene lifestyle away from the hustle and bustle of larger cities. Despite the small-town charm, buyers are finding that properties offer more value for the investment, with spacious homes and considerable land available.
Though inventory can be limited, newly listed homes are often attracting competitive offers, particularly from buyers with new constructions or recent renovations. Investors are also eying the area for its growth potential, noting the stable market and rising interest in rural living.
Home Value Estimator For Malta, IL
There are currently 671 real estate properties
in Malta, IL,
with a median automated valuation model (AVM) price
of $248,300.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Malta, 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 Malta, IL,
is $318,435.00, with the most expensive house
in Malta, IL, topping out
at $2,378,521.00 and the cheapest home
in Malta, IL,
clocking in at $12,729.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Malta, IL!
Rent Prices
In Malta, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Malta, IL, is on
a rollercoaster ride. The
average rent price in Malta, IL,
is $1,090.00. Indeed, when looking to rent in
Malta, IL, you can expect to pay as little
as $660.00 or as much
as $2,030.00,
with the average rent median estimated to
be $1,100.00. The good news is that finding
an affordable and desirable property to rent in Malta, 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.
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