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Foreclosure Homes in Marion, IL

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Marion, IL Foreclosures

How much do homes sell for in Marion, IL?
The average home price is currently $202,371.
In Marion, IL, how many homes are available?
There are currently 61 active home listings available in Marion.
What’s the average rental cost in Marion, IL?
The average rental price in Marion is $1,210.
What is the most expensive home in Marion?
The most expensive home sold in Marion had a price of $6,680,324.
What is currently the cheapest priced home in Marion, IL?
The cheapest home for sale in Marion is priced at $13,140.

Living in Marion, IL

Marion, IL, is a welcoming city with a strong community spirit and plenty of amenities. It offers a diverse selection of parks and schools, ensuring a high quality of life for families. The city's central location provides easy access to major transportation routes, making it a great choice for commuters.

Current Market Conditions in Marion, IL

Marion's real estate market has shown steady growth, with an increasing demand for single-family homes and an uptick in new construction projects. This trend indicates a healthy market that attracts both investors and families looking to settle in the area.

Recent developments in the city have led to positive changes in property values, making Marion an appealing choice for homebuyers seeking both affordability and quality living.

Home Value Estimator For Marion, IL

There are currently 10,359 real estate properties in Marion, IL, with a median automated valuation model (AVM) price of $161,737.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Marion, 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 Marion, IL, is $202,371.00, with the most expensive house in Marion, IL, topping out at $6,680,324.00 and the cheapest home in Marion, IL, clocking in at $13,140.00. In other words, there’s something for every potential homebuyer or savvy investor in Marion, IL!

Rent Prices In Marion, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Marion, IL, is on a rollercoaster ride. The average rent price in Marion, IL, is $1,210.00. Indeed, when looking to rent in Marion, IL, you can expect to pay as little as $510.00 or as much as $3,340.00, with the average rent median estimated to be $1,160.00. The good news is that finding an affordable and desirable property to rent in Marion, 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.

Marion, IL Foreclosures

Market Trend for Marion, IL

Total Listings Available: 61

Market Values:

Home Prices from $13,140 to $6,680,324

Average Sales Price: $202,371

Rental Values:

Rental from $510 to $3,340

Average Rent Value: $1,210 / month

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