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Foreclosure Homes in Momence, IL

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Momence, IL Foreclosures

Current Market Conditions in in Momence, IL As of February 2026?
This past month, the housing market in Momence has shown signs of slight correction, with home prices holding steady after a seasonal peak during the summer months. The number of active listings has increased, giving buyers more opportunities. Although some homes remain on the market longer, sellers are adjusting their prices to attract more interested buyers. Overall, the market is becoming more favorable for buyers, especially those looking for family homes.
How much do homes sell for in Momence, IL?
The average home price is currently $182,294.
In Momence, IL, how many homes are available?
There are currently 126 active home listings available in Momence.
What’s the average rental cost in Momence, IL?
The average rental price in Momence is $1,156.
What is the most expensive home in Momence?
The most expensive home sold in Momence had a price of $1,358,727.
What is currently the cheapest priced home in Momence, IL?
The cheapest home for sale in Momence is priced at $12,419.

Living in Momence, IL

Momence, Illinois, is a picturesque small town that boasts a relaxed lifestyle, community events, and beautiful riverfront parks. With its historical charm and access to nature, residents can enjoy a peaceful yet engaging environment. Living here offers the opportunity to experience local culture, including farmer's markets and seasonal festivals.

Buyer vs Seller Market in Momence, IL

The current real estate market in Momence, IL, is returning to a more balanced state after a period of rapid growth. Prices have stabilized, with an increasing number of homes hitting the market, providing buyers more options. The interest rates have also impacted buying power, causing some potential buyers to reconsider their options, but the area remains appealing for families and retirees alike.

Home Value Estimator For Momence, IL

There are currently 2,582 real estate properties in Momence, IL, with a median automated valuation model (AVM) price of $166,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Momence, 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 Momence, IL, is $182,294.00, with the most expensive house in Momence, IL, topping out at $1,358,727.00 and the cheapest home in Momence, IL, clocking in at $12,419.00. In other words, there’s something for every potential homebuyer or savvy investor in Momence, IL!

Rent Prices In Momence, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Momence, IL, is on a rollercoaster ride. The average rent price in Momence, IL, is $1,156.00. Indeed, when looking to rent in Momence, IL, you can expect to pay as little as $470.00 or as much as $3,220.00, with the average rent median estimated to be $1,120.00. The good news is that finding an affordable and desirable property to rent in Momence, 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.

Momence, IL Foreclosures

Market Trend for Momence, IL

Total Listings Available: 126

Market Values:

Home Prices from $12,419 to $1,358,727

Average Sales Price: $182,294

Rental Values:

Rental from $470 to $3,220

Average Rent Value: $1,156 / month

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