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Foreclosures in Patoka, IL

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Patoka, IL Foreclosures

Current Market Conditions in in Patoka, IL As of February 2026?
Over the past month, Patoka has seen a slight uptick in new listings, which has given buyers more options. While competition remains strong for quality homes, the increase in inventory has started to stabilize the pricing war that characterized the market earlier in the year. Buyers are starting to find opportunities at competitive prices, reflecting a broader trend seen across many small towns in Illinois.
How much do homes sell for in Patoka, IL?
The average home price is currently $158,076.
In Patoka, IL, how many homes are available?
There are currently 7 active home listings available in Patoka.
What’s the average rental cost in Patoka, IL?
The average rental price in Patoka is $924.
What is the most expensive home in Patoka?
The most expensive home sold in Patoka had a price of $873,149.
What is currently the cheapest priced home in Patoka, IL?
The cheapest home for sale in Patoka is priced at $8,955.

Living in Patoka, IL

Patoka, Illinois, is a small village that offers a peaceful and friendly community atmosphere. With its local parks and recreational activities, it provides residents with various outdoor experiences. The village is well-facilitated with amenities, making it convenient for families and individuals alike.

Buyer vs Seller Market in Patoka, IL

The real estate market in Patoka has shown a steady interest from buyers, particularly for single-family homes. The area is known for its affordability, attracting first-time homebuyers and families seeking housing away from larger urban centers.

There has been a gradual increase in home values as demand continues to rise, especially for well-maintained properties in desirable locations within the village.

Home Value Estimator For Patoka, IL

There are currently 491 real estate properties in Patoka, IL, with a median automated valuation model (AVM) price of $123,704.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Patoka, 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 Patoka, IL, is $158,076.00, with the most expensive house in Patoka, IL, topping out at $873,149.00 and the cheapest home in Patoka, IL, clocking in at $8,955.00. In other words, there’s something for every potential homebuyer or savvy investor in Patoka, IL!

Rent Prices In Patoka, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Patoka, IL, is on a rollercoaster ride. The average rent price in Patoka, IL, is $924.00. Indeed, when looking to rent in Patoka, IL, you can expect to pay as little as $610.00 or as much as $1,510.00, with the average rent median estimated to be $920.00. The good news is that finding an affordable and desirable property to rent in Patoka, 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.

Patoka, IL Foreclosures

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