Foreclosure Homes in Mattoon, IL

Current Market Conditions in Mattoon, IL

Currently, the real estate market in Mattoon is stable, with a balanced ratio of buyers to sellers. Home prices have seen a slight increase over recent months due to the growing demand for properties in the area. Neighborhoods are attracting new residents seeking affordable housing options, as Mattoon offers a cost-effective alternative to larger urban centers.

The demand for homes in Mattoon is buoyed by its friendly community atmospheres and the availability of local amenities. Recent reports indicate that buyers are looking for homes with outdoor space, which has made properties featuring yards particularly attractive.

Rent Prices In Mattoon, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mattoon, IL, is on a rollercoaster ride. The average rent price in Mattoon, IL, is $1,035.00. Indeed, when looking to rent in Mattoon, IL, you can expect to pay as little as $440.00 or as much as $2,300.00, with the average rent median estimated to be $980.00. The good news is that finding an affordable and desirable property to rent in Mattoon, 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.