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Preforeclosure Homes in Mattoon, IL

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Living in Mattoon, IL

Mattoon, IL is a delightful small city that prides itself on community spirit and quality living. With beautiful parks, good schools, and a variety of local events, it offers a perfect blend of relaxation and activity. Its accessibility to larger urban centers adds to its appeal, making it a wonderful location for potential real estate investments.

Current Market Conditions in Mattoon, IL

The real estate market in Mattoon is currently stable with a steady demand for housing. Price points are affordable, making it an attractive market for first-time homebuyers and investors looking for rental properties. The area has seen a slight appreciation in property values over the past year, indicating growth and investment potential.

There is an increasing interest in properties due to the city's family-friendly amenities and appealing lifestyle. The influx of people moving to Mattoon from neighboring cities for its lower cost of living and quality amenities is contributing to a robust real estate market, presenting opportunities for savvy investors.

Home Value Estimator For Mattoon, IL

There are currently 8,231 real estate properties in Mattoon, IL, with a median automated valuation model (AVM) price of $113,077.00. 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 $153,663.00, with the most expensive house in Mattoon, IL, topping out at $9,064,289.00 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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