Foreclosure Homes in Matteson, IL 60443

Current Market Conditions in Matteson, IL

The real estate market in Matteson has shown strong resilience over the past year. Home prices have stabilized with a slight upward trend, as demand continues to increase due to the appealing suburban lifestyle and proximity to Chicago. Buyers are drawn to the area for its affordable housing options, making it a solid market for both first-time and seasoned investors.

In recent months, the number of homes for sale has slightly decreased due to rising interest rates, resulting in quicker sales for well-priced properties. This trend indicates a competitive market where buyers are encouraged to act quickly to secure desirable listings. Experts predict the market will remain strong, driven by ongoing developments and the area's appeal.

Rent Prices In Matteson, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Matteson, IL, is on a rollercoaster ride. The average rent price in Matteson, IL, is $1,841.00. Indeed, when looking to rent in Matteson, IL, you can expect to pay as little as $1,080.00 or as much as $4,560.00, with the average rent median estimated to be $1,760.00. The good news is that finding an affordable and desirable property to rent in Matteson, 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.