Matteson, IL Foreclosures
Current Market Conditions in in Matteson, IL As of April 2026?
Over the past month, the Matteson housing market has experienced a gradual increase in home prices alongside a slight rise in sales activity. While the number of listings remains lower than desired, the consistent demand for single-family homes keeps the market vibrant. As buyers compete for limited inventory, the average days on the market has decreased, indicating an energetic market. This trend reflects ongoing interest in suburban living options in the current economic landscape.
How much do homes sell for in Matteson, IL?
The average home price is currently $290,095.
In Matteson, IL, how many homes are available?
There are currently 295 active home listings available in Matteson.
What’s the average rental cost in Matteson, IL?
The average rental price in Matteson is $1,841.
What is the most expensive home in Matteson?
The most expensive home sold in Matteson had a price of $7,419,101.
What is currently the cheapest priced home in Matteson, IL?
The cheapest home for sale in Matteson is priced at $12,803.
Living in Matteson, IL
Matteson, IL is a lovely suburban community with excellent schools, extensive parks, and diverse dining and shopping options. It offers a family-friendly environment with convenient access to major highways and public transport. Residents enjoy a variety of outdoor activities and local events that foster community spirit.
Buyer vs Seller Market in Matteson, IL
The real estate market in Matteson, IL, has shown a steady increase in property values over the last year, driven by the area's appealing features, including parks, schools, and community amenities. As more buyers seek suburban living close to Chicago, demand is anticipated to remain strong, sustaining competitive pricing in the housing market.
Inventory levels in Matteson have fluctuated, but the demand for homes continues to outpace the supply, leading to quicker sales and multiple offer situations on desirable properties. This competitive market has encouraged homeowners looking to sell to take advantage of favorable conditions.
Home Value Estimator For Matteson, IL
There are currently 6,801 real estate properties
in Matteson, IL,
with a median automated valuation model (AVM) price
of $257,750.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Matteson, 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 Matteson, IL,
is $290,095.00, with the most expensive house
in Matteson, IL, topping out
at $7,419,101.00 and the cheapest home
in Matteson, IL,
clocking in at $12,803.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Matteson, IL!
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.
Learn more on Foreclosure homes
