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Preforeclosure Homes in Pana, IL

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Pana, IL Foreclosures

How much do homes sell for in Pana, IL?
The average home price is currently $122,959.
In Pana, IL, how many homes are available?
There are currently 1 active home listings available in Pana.
What’s the average rental cost in Pana, IL?
The average rental price in Pana is $917.
What is the most expensive home in Pana?
The most expensive home sold in Pana had a price of $4,701,037.
What is currently the cheapest priced home in Pana, IL?
The cheapest home for sale in Pana is priced at $10,736.

Living in Pana, IL

Pana, Illinois is a charming small town rich in history and community spirit. It offers a blend of rural charm and modern amenities, making it a great place for families and retirees alike. With beautiful parks and recreational opportunities, Pana provides a peaceful lifestyle while still being conveniently located near larger towns for extended services.

Current Market Conditions in Pana, IL

The real estate market in Pana is currently experiencing a steady demand for homes, largely due to its affordable property prices compared to larger urban areas. This stability makes it an attractive location for first-time homebuyers and those looking to relocate to a quieter setting.

There is a growing interest in Pana as more people discover the benefits of small-town living, leading to a modest increase in home values. As new developments and renovations occur, the area's appeal continues to rise.

Home Value Estimator For Pana, IL

There are currently 3,010 real estate properties in Pana, IL, with a median automated valuation model (AVM) price of $91,197.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Pana, 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 Pana, IL, is $122,959.00, with the most expensive house in Pana, IL, topping out at $4,701,037.00 and the cheapest home in Pana, IL, clocking in at $10,736.00. In other words, there’s something for every potential homebuyer or savvy investor in Pana, IL!

Rent Prices In Pana, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pana, IL, is on a rollercoaster ride. The average rent price in Pana, IL, is $917.00. Indeed, when looking to rent in Pana, IL, you can expect to pay as little as $480.00 or as much as $2,180.00, with the average rent median estimated to be $890.00. The good news is that finding an affordable and desirable property to rent in Pana, 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.

Pana, IL Preforeclosure Homes


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