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Foreclosures in Monticello, IL

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Monticello, IL Foreclosures

Current Market Conditions in in Monticello, IL As of February 2026?
Over the past month, Monticello has experienced a slight uptick in housing activity, particularly among single-family homes. New listings have increased, leading to a more dynamic market, although inventory levels remain relatively tight. Price adjustments have also occurred in certain segments as sellers become more flexible to attract buyers, reflecting the shifting landscape of local market conditions.
How much do homes sell for in Monticello, IL?
The average home price is currently $288,807.
In Monticello, IL, how many homes are available?
There are currently 1 active home listings available in Monticello.
What’s the average rental cost in Monticello, IL?
The average rental price in Monticello is $1,436.
What is the most expensive home in Monticello?
The most expensive home sold in Monticello had a price of $1,824,029.
What is currently the cheapest priced home in Monticello, IL?
The cheapest home for sale in Monticello is priced at $24,604.

Living in Monticello, IL

Monticello, IL is a quaint and welcoming city with a strong sense of community. Immersed in midwestern charm, the town boasts a variety of amenities, parks, and recreational activities. With excellent local schools and easy access to surrounding urban areas, it is an attractive place for families and professionals alike.

Buyer vs Seller Market in Monticello, IL

In Monticello, IL, the real estate market has shown promising growth with a slight increase in home values over the past year. The small-town feel combined with accessibility to larger cities makes it a desirable option for many home buyers.

Current trends indicate that properties are selling at a steady pace, with increased interest from first-time homebuyers and families looking for space. The market remains competitive, with a balance between supply and demand.

Home Value Estimator For Monticello, IL

There are currently 3,188 real estate properties in Monticello, IL, with a median automated valuation model (AVM) price of $256,993.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Monticello, 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 Monticello, IL, is $288,807.00, with the most expensive house in Monticello, IL, topping out at $1,824,029.00 and the cheapest home in Monticello, IL, clocking in at $24,604.00. In other words, there’s something for every potential homebuyer or savvy investor in Monticello, IL!

Rent Prices In Monticello, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Monticello, IL, is on a rollercoaster ride. The average rent price in Monticello, IL, is $1,436.00. Indeed, when looking to rent in Monticello, IL, you can expect to pay as little as $540.00 or as much as $3,780.00, with the average rent median estimated to be $1,320.00. The good news is that finding an affordable and desirable property to rent in Monticello, 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.

Monticello, IL Foreclosures

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