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Foreclosure Homes in Manhattan, IL

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Manhattan, IL Foreclosures

Current Market Conditions in in Manhattan, IL As of March 2026?
In the past month, the Manhattan real estate market has shown increased activity. Home sales have picked up due to lower interest rates attracting buyers looking for homes in the suburbs. As a result, some neighborhoods have seen bidding wars and increased offers, indicating a competitive market. Inventory levels have remained relatively stable, which is causing a slight imbalance favoring sellers.
How much do homes sell for in Manhattan, IL?
The average home price is currently $400,235.
In Manhattan, IL, how many homes are available?
There are currently 160 active home listings available in Manhattan.
What’s the average rental cost in Manhattan, IL?
The average rental price in Manhattan is $1,921.
What is the most expensive home in Manhattan?
The most expensive home sold in Manhattan had a price of $4,838,411.
What is currently the cheapest priced home in Manhattan, IL?
The cheapest home for sale in Manhattan is priced at $10,867.

Living in Manhattan, IL

Manhattan, IL is a charming suburban town that balances a rural lifestyle with modern amenities. Known for its friendly community, residents enjoy an array of outdoor parks, quality schools, and a vibrant local business scene. The town is also conveniently located near larger urban areas, providing easy access to shopping and entertainment.

Buyer vs Seller Market in Manhattan, IL

The real estate market in Manhattan, IL is currently experiencing a steady demand, driven by families seeking affordable housing and a peaceful environment. Home values are on the rise, reflecting a healthy interest from both buyers and investors in this area.

Recently, more people have been moving to Manhattan for its affordable options compared to nearby larger cities. The market has seen a variety of homes, from charming starter homes to larger family residences, making it attractive for diverse buyers.

Home Value Estimator For Manhattan, IL

There are currently 4,856 real estate properties in Manhattan, IL, with a median automated valuation model (AVM) price of $389,587.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Manhattan, 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 Manhattan, IL, is $400,235.00, with the most expensive house in Manhattan, IL, topping out at $4,838,411.00 and the cheapest home in Manhattan, IL, clocking in at $10,867.00. In other words, there’s something for every potential homebuyer or savvy investor in Manhattan, IL!

Rent Prices In Manhattan, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Manhattan, IL, is on a rollercoaster ride. The average rent price in Manhattan, IL, is $1,921.00. Indeed, when looking to rent in Manhattan, IL, you can expect to pay as little as $620.00 or as much as $3,680.00, with the average rent median estimated to be $1,910.00. The good news is that finding an affordable and desirable property to rent in Manhattan, 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.

Manhattan, IL Foreclosures

Market Trend for Manhattan, IL

Total Listings Available: 160

Market Values:

Home Prices from $10,867 to $4,838,411

Average Sales Price: $400,235

Rental Values:

Rental from $620 to $3,680

Average Rent Value: $1,921 / month

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