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Foreclosure Homes in Penfield, IL

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Penfield, IL Foreclosures

Current Market Conditions in in Penfield, IL As of March 2026?
Over the past month, Penfield's housing market has experienced a slight increase in prices, driven by heightened interest from buyers looking for more affordable options outside of larger cities. The average time a listing stays on the market has decreased, indicating that properties are becoming increasingly sought after. Inventory remains low, leading potential buyers to act quickly when listings become available.
How much do homes sell for in Penfield, IL?
The average home price is currently $214,754.
In Penfield, IL, how many homes are available?
There are currently 27 active home listings available in Penfield.
What’s the average rental cost in Penfield, IL?
The average rental price in Penfield is $1,431.
What is the most expensive home in Penfield?
The most expensive home sold in Penfield had a price of $1,256,971.
What is currently the cheapest priced home in Penfield, IL?
The cheapest home for sale in Penfield is priced at $10,857.

Living in Penfield, IL

Penfield, Illinois, is a charming rural community that features a welcoming atmosphere and beautiful natural landscapes. Residents appreciate the small-town feel while being close to larger cities for amenities and entertainment. Ideal for families and retirees alike, Penfield provides a tranquil lifestyle amid the comforts of a tight-knit community.

Buyer vs Seller Market in Penfield, IL

The current real estate market in Penfield is showing signs of growth, with an increase in home prices due to limited inventory and rising demand. Buyers are drawn to the area for its affordability compared to nearby urban settings, as well as the community's appealing lifestyle. Several homes have been selling quickly, often above the listing price, reflecting a competitive market.

Home Value Estimator For Penfield, IL

There are currently 215 real estate properties in Penfield, IL, with a median automated valuation model (AVM) price of $167,160.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Penfield, 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 Penfield, IL, is $214,754.00, with the most expensive house in Penfield, IL, topping out at $1,256,971.00 and the cheapest home in Penfield, IL, clocking in at $10,857.00. In other words, there’s something for every potential homebuyer or savvy investor in Penfield, IL!

Rent Prices In Penfield, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Penfield, IL, is on a rollercoaster ride. The average rent price in Penfield, IL, is $1,431.00. Indeed, when looking to rent in Penfield, IL, you can expect to pay as little as $630.00 or as much as $3,020.00, with the average rent median estimated to be $1,330.00. The good news is that finding an affordable and desirable property to rent in Penfield, 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.

Penfield, IL Foreclosures

Market Trend for Penfield, IL

Total Listings Available: 27

Market Values:

Home Prices from $10,857 to $1,256,971

Average Sales Price: $214,754

Rental Values:

Rental from $630 to $3,020

Average Rent Value: $1,431 / month

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