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Foreclosures in Momence, IL

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Momence, IL Foreclosures

How much do homes sell for in Momence, IL?
The average home price is currently $183,302.
In Momence, IL, how many homes are available?
There are currently 7 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 $1,405,143.
What is currently the cheapest priced home in Momence, IL?
The cheapest home for sale in Momence is priced at $12,435.

Living in Momence, IL

Momence, Illinois is a small town rich in character and community spirit. Nestled by the Kankakee River, it offers an inviting atmosphere with local shops and beautiful parks. Families enjoy strong educational opportunities and easy access to nearby cities for work and play.

Current Market Conditions in Momence, IL

The real estate market in Momence has shown signs of stability over the past year, indicating a resilient community. Homes are selling at varying prices, reflecting the diversity of properties available, from quaint single-family homes to larger estates.

Currently, the area is experiencing a gradual increase in home values due to limited inventory and rising demand among families looking for affordable yet charming living options. This trend is attracting more buyers to the township, especially those who appreciate small-town life.

Home Value Estimator For Momence, IL

There are currently 2,581 real estate properties in Momence, IL, with a median automated valuation model (AVM) price of $166,448.00. 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 $183,302.00, with the most expensive house in Momence, IL, topping out at $1,405,143.00 and the cheapest home in Momence, IL, clocking in at $12,435.00. 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

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