Cheap Homes in Mattoon, IL

Buyer vs Seller Market in Mattoon, IL

Mattoon’s current real estate market is stable, showing signs of moderate growth as more individuals seek out affordable housing options. The housing prices here remain comparatively low, with a balanced ratio of buyers to sellers creating a favorable situation for first-time buyers and those looking to invest in rental properties.

In recent months, real estate activity has increased as people are moving towards suburban areas in search of open space and community-oriented living. This trend is leading to more homes being listed while buyers are eager to secure properties before prices rise further.

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.