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Preforeclosure Homes in Marengo, IL 60152

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Marengo, IL Foreclosures

How much do homes sell for in Marengo, IL?
The average home price is currently $379,887.
In Marengo, IL, how many homes are available?
There are currently 19 active home listings available in Marengo.
What’s the average rental cost in Marengo, IL?
The average rental price in Marengo is $1,642.
What is the most expensive home in Marengo?
The most expensive home sold in Marengo had a price of $4,925,500.
What is currently the cheapest priced home in Marengo, IL?
The cheapest home for sale in Marengo is priced at $10,863.

Living in Marengo, IL

Situated in McHenry County, Marengo, IL is a charming small town that offers a perfect balance between rural tranquility and suburban conveniences. The community enjoys a variety of local businesses, outdoor activities, and family-friendly events, making it an ideal place to call home.

Current Market Conditions in Marengo, IL

The real estate market in Marengo is currently experiencing a steady increase in demand, with many new families and individuals looking to settle in this tight-knit community. Home prices have shown consistent growth over the past few quarters, aligning with the overall positive trends seen in the McHenry County area, making it an appealing market for both buyers and investors.

The current inventory of homes for sale in Marengo has slightly decreased, which has contributed to competitive bidding situations for desirable properties. Buyers are encouraged to act quickly as days on market for homes have been significantly reduced, indicating a robust interest in the local housing market.

Home Value Estimator For Marengo, IL

There are currently 4,471 real estate properties in Marengo, IL, with a median automated valuation model (AVM) price of $330,393.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Marengo, 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 Marengo, IL, is $379,887.00, with the most expensive house in Marengo, IL, topping out at $4,925,500.00 and the cheapest home in Marengo, IL, clocking in at $10,863.00. In other words, there’s something for every potential homebuyer or savvy investor in Marengo, IL!

Rent Prices In Marengo, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Marengo, IL, is on a rollercoaster ride. The average rent price in Marengo, IL, is $1,642.00. Indeed, when looking to rent in Marengo, IL, you can expect to pay as little as $730.00 or as much as $2,940.00, with the average rent median estimated to be $1,560.00. The good news is that finding an affordable and desirable property to rent in Marengo, 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.

Marengo, IL 60152 Preforeclosure Homes

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