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Cheap Homes in Morrisonville, IL

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Morrisonville, IL Foreclosures

Current Market Conditions in in Morrisonville, IL As of February 2026?
Over the past month, the Morrisonville real estate market has seen a noticeable increase in home sales. Several homes have sold above the asking price, reflecting heightened buyer interest in the area. Factors contributing to this trend include the area's low crime rate and the educators available in the local schools, making it an attractive place for families.
How much do homes sell for in Morrisonville, IL?
The average home price is currently $159,879.
In Morrisonville, IL, how many homes are available?
There are currently 5 active home listings available in Morrisonville.
What’s the average rental cost in Morrisonville, IL?
The average rental price in Morrisonville is $1,074.
What is the most expensive home in Morrisonville?
The most expensive home sold in Morrisonville had a price of $2,600,412.
What is currently the cheapest priced home in Morrisonville, IL?
The cheapest home for sale in Morrisonville is priced at $16,315.

Living in Morrisonville, IL

Morrisonville, Illinois, is a charming rural community that offers a friendly and welcoming atmosphere. Known for its picturesque landscapes and strong community spirit, it provides residents with access to local amenities and outdoor activities. The area is perfect for families looking for a peaceful lifestyle with a strong focus on education and community events.

Buyer vs Seller Market in Morrisonville, IL

The real estate market in Morrisonville is currently stable, with a slight increase in demand for homes over the past few months. Buyers are attracted to the affordability and serene living options the village offers, making it an appealing place for families and retirees alike.

Recent trends show that homes listed in Morrisonville tend to sell quickly, often attracting multiple offers. This indicates a healthy market where buyers recognize the value of living in a close-knit community.

Home Value Estimator For Morrisonville, IL

There are currently 702 real estate properties in Morrisonville, IL, with a median automated valuation model (AVM) price of $126,936.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Morrisonville, 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 Morrisonville, IL, is $159,879.00, with the most expensive house in Morrisonville, IL, topping out at $2,600,412.00 and the cheapest home in Morrisonville, IL, clocking in at $16,315.00. In other words, there’s something for every potential homebuyer or savvy investor in Morrisonville, IL!

Rent Prices In Morrisonville, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Morrisonville, IL, is on a rollercoaster ride. The average rent price in Morrisonville, IL, is $1,074.00. Indeed, when looking to rent in Morrisonville, IL, you can expect to pay as little as $620.00 or as much as $2,160.00, 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 Morrisonville, 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.

Cheap Homes in Morrisonville, IL

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