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Preforeclosure Homes in Mattoon, IL

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Living in Mattoon, IL

Mattoon, IL is a welcoming city that combines suburban charm with a strong sense of community. Known for its family-oriented environment and various local amenities, Mattoon offers residents access to parks, educational facilities, and a vibrant downtown area. With a focus on education and community events, Mattoon is an ideal location for families.

Current Market Conditions in Mattoon, IL

The real estate market in Mattoon has been steadily recovering, with prices gradually increasing over the past year. Demand for homes has risen as families and individuals seek affordable properties in a community-oriented environment, presenting opportunities for both buyers and investors.

Currently, the market is characterized by a limited supply of homes, which can lead to competitive bidding in certain neighborhoods. The average home price has increased modestly, reflecting a growing interest in the region as people look for more space and affordable living options.

Home Value Estimator For Mattoon, IL

There are currently 8,233 real estate properties in Mattoon, IL, with a median automated valuation model (AVM) price of $114,666.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mattoon, 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 Mattoon, IL, is $158,726.00, with the most expensive house in Mattoon, IL, topping out at $9,634,281.00 and the cheapest home in Mattoon, IL, clocking in at $10,021.00. In other words, there’s something for every potential homebuyer or savvy investor in Mattoon, IL!

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.

Mattoon, IL Preforeclosure Homes


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