Oreana, IL Foreclosures
How much do homes sell for in Oreana, IL?
The average home price is currently $218,856.
In Oreana, IL, how many homes are available?
There are currently 4 active home listings available in Oreana.
What’s the average rental cost in Oreana, IL?
The average rental price in Oreana is $1,275.
What is the most expensive home in Oreana?
The most expensive home sold in Oreana had a price of $2,016,756.
What is currently the cheapest priced home in Oreana, IL?
The cheapest home for sale in Oreana is priced at $19,177.
Living in Oreana, IL
Oreana, IL, is a charming small village offering a friendly community atmosphere and access to essential amenities. With plenty of parks for outdoor activities and a close-knit neighborhood, it is a perfect place for families and retirees alike. Residents enjoy a peaceful lifestyle with nearby conveniences.
Current Market Conditions in Oreana, IL
The real estate market in Oreana has shown stability over the past few months, with a balanced inventory of homes for sale and demand remaining steady. Prices are typically affordable compared to urban areas, attracting buyers looking for value and community atmosphere.
Recent trends indicate that the market is slowly leaning towards a seller's market, with some homes receiving multiple offers. The demand for properties, particularly single-family homes, has increased as families seek more space and affordability, leading to a rise in home prices.
Home Value Estimator For Oreana, IL
There are currently 624 real estate properties
in Oreana, IL,
with a median automated valuation model (AVM) price
of $176,789.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Oreana, 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 Oreana, IL,
is $218,856.00, with the most expensive house
in Oreana, IL, topping out
at $2,016,756.00 and the cheapest home
in Oreana, IL,
clocking in at $19,177.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Oreana, IL!
Rent Prices
In Oreana, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Oreana, IL, is on
a rollercoaster ride. The
average rent price in Oreana, IL,
is $1,275.00. Indeed, when looking to rent in
Oreana, IL, you can expect to pay as little
as $790.00 or as much
as $2,120.00,
with the average rent median estimated to
be $1,220.00. The good news is that finding
an affordable and desirable property to rent in Oreana, 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.
Learn more on Foreclosure homes
