Mendon, IL Foreclosures
How much do homes sell for in Mendon, IL?
The average home price is currently $147,455.
What’s the average rental cost in Mendon, IL?
The average rental price in Mendon is $1,099.
What is the most expensive home in Mendon?
The most expensive home sold in Mendon had a price of $608,571.
What is currently the cheapest priced home in Mendon, IL?
The cheapest home for sale in Mendon is priced at $19,157.
Living in Mendon, IL
Mendon is a quaint village in Illinois, known for its scenic landscapes and friendly community. With a rich history and a tight-knit feel, residents enjoy a peaceful, suburban lifestyle. The village offers a blend of rural charm and modern amenities, making it an attractive place to live for families and retirees alike.
Current Market Conditions in Mendon, IL
Currently, Mendon’s real estate market is stable, with a healthy mix of homes available. The demand for properties in the area remains consistent, particularly among buyers looking for peaceful living environments. Recently, the market has seen a slight uptick in home prices as more people seek to relocate to quieter areas.
Investors have shown interest in the market, especially in single-family homes and smaller commercial properties. The low inventory of available homes is driving prices up, creating a competitive atmosphere among buyers. Local real estate professionals note that homes are selling faster than in previous years, indicating an increased interest in rural living.
Home Value Estimator For Mendon, IL
There are currently 418 real estate properties
in Mendon, IL,
with a median automated valuation model (AVM) price
of $137,625.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mendon, 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 Mendon, IL,
is $147,455.00, with the most expensive house
in Mendon, IL, topping out
at $608,571.00 and the cheapest home
in Mendon, IL,
clocking in at $19,157.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mendon, IL!
Rent Prices
In Mendon, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mendon, IL, is on
a rollercoaster ride. The
average rent price in Mendon, IL,
is $1,099.00. Indeed, when looking to rent in
Mendon, IL, you can expect to pay as little
as $690.00 or as much
as $1,770.00,
with the average rent median estimated to
be $1,070.00. The good news is that finding
an affordable and desirable property to rent in Mendon, 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.
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