Medora, IL Foreclosures
How much do homes sell for in Medora, IL?
The average home price is currently $164,539.
In Medora, IL, how many homes are available?
There are currently 27 active home listings available in Medora.
What’s the average rental cost in Medora, IL?
The average rental price in Medora is $1,068.
What is the most expensive home in Medora?
The most expensive home sold in Medora had a price of $1,736,794.
What is currently the cheapest priced home in Medora, IL?
The cheapest home for sale in Medora is priced at $10,751.
Living in Medora, IL
Medora, IL is a quaint rural community known for its friendly atmosphere and beautiful landscapes. It offers a charming small-town lifestyle while providing access to essential amenities and outdoor activities. Perfect for those looking to enjoy a slower pace of life, Medora combines the warmth of community with the beauty of nature.
Current Market Conditions in Medora, IL
The real estate market in Medora, IL, is currently stable, with home prices remaining affordable for most buyers. Interest in rural properties has been increasing, reflected in a moderate uptick in home sales over the past few months. Buyers are looking for spacious homes with land, which makes Medora an attractive option for families and those seeking more personal space.
Overall, the market is characterized by a balanced supply and demand. While some homes are sold quickly, many remain on the market for a longer period, providing buyers with reasonable options and prices.
Home Value Estimator For Medora, IL
There are currently 372 real estate properties
in Medora, IL,
with a median automated valuation model (AVM) price
of $117,098.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Medora, 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 Medora, IL,
is $164,539.00, with the most expensive house
in Medora, IL, topping out
at $1,736,794.00 and the cheapest home
in Medora, IL,
clocking in at $10,751.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Medora, IL!
Rent Prices
In Medora, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Medora, IL, is on
a rollercoaster ride. The
average rent price in Medora, IL,
is $1,068.00. Indeed, when looking to rent in
Medora, IL, you can expect to pay as little
as $790.00 or as much
as $1,820.00,
with the average rent median estimated to
be $1,040.00. The good news is that finding
an affordable and desirable property to rent in Medora, 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.
Learn more on Foreclosure homes
