Oreana, IL Foreclosures
How much do homes sell for in Oreana, IL?
The average home price is currently $216,135.
In Oreana, IL, how many homes are available?
There are currently 3 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 $2,007,756.
What is currently the cheapest priced home in Oreana, IL?
The cheapest home for sale in Oreana is priced at $27,747.
Living in Oreana, IL
Oreana, IL is a quaint village that offers a peaceful retreat while maintaining close proximity to the bigger city of Decatur. Known for its friendly community and well-kept parks, Oreana is an ideal location for families and retirees. Residents enjoy various local events and outdoor activities in a picturesque setting.
Current Market Conditions in Oreana, IL
The real estate market in Oreana, IL, is currently characterized as stable, with a slight uptick in home values over the past year. The demand for homes in the area, particularly among families looking for a small-town feel, has led to a gradual increase in prices.
In recent months, there has been a noticeable interest from first-time homebuyers, drawn by the affordable housing options and the community's friendly atmosphere. Homes are selling more quickly, showing increased competition among buyers.
Home Value Estimator For Oreana, IL
There are currently 607 real estate properties
in Oreana, IL,
with a median automated valuation model (AVM) price
of $175,555.00. 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 $216,135.00, with the most expensive house
in Oreana, IL, topping out
at $2,007,756.00 and the cheapest home
in Oreana, IL,
clocking in at $27,747.00. 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
