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Preforeclosure Homes in Matteson, IL

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Living in Matteson, IL

Matteson, IL is a suburban village just south of Chicago, characterized by its family-friendly environment, well-kept parks, and ample local amenities. It is known for its strong sense of community, diverse population, and easy access to public transportation, making it a desirable location for families and commuters alike.

Current Market Conditions in Matteson, IL

The real estate market in Matteson has shown steady growth, with a positive trajectory in home sales and property values over the past year. With an increasing number of new construction homes and a variety of options from affordable starter homes to more luxurious properties, buyers have a wide selection to choose from.

Interest rates have slightly fluctuated in recent months, but the demand for homes in Matteson remains strong. The community features a mix of established neighborhoods and new developments, appealing to both first-time homebuyers and those looking to upgrade.

Home Value Estimator For Matteson, IL

There are currently 6,777 real estate properties in Matteson, IL, with a median automated valuation model (AVM) price of $274,241.00. 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 $301,407.00, with the most expensive house in Matteson, IL, topping out at $7,686,712.00 and the cheapest home in Matteson, IL, clocking in at $10,400.00. 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.

Matteson, IL Preforeclosure Homes


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