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Foreclosure Homes in Petersburg, IL

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Petersburg, IL Foreclosures

How much do homes sell for in Petersburg, IL?
The average home price is currently $248,007.
In Petersburg, IL, how many homes are available?
There are currently 3 active home listings available in Petersburg.
What’s the average rental cost in Petersburg, IL?
The average rental price in Petersburg is $1,246.
What is the most expensive home in Petersburg?
The most expensive home sold in Petersburg had a price of $2,447,597.
What is currently the cheapest priced home in Petersburg, IL?
The cheapest home for sale in Petersburg is priced at $15,657.

Living in Petersburg, IL

Petersburg, located in Menard County, Illinois, is a quaint, historical small town with a friendly community atmosphere. Known for its picturesque landscapes and rich heritage, it offers residents a peaceful environment with easy access to larger city amenities. With a variety of local shops, dining, and recreational activities, Petersburg is an attractive option for families and retirees alike.

Current Market Conditions in Petersburg, IL

The real estate market in Petersburg has seen a steady increase in demand over the past few years, driven by the town's appeal to both families and retirees. Properties in this area are often priced attractively, making it an excellent opportunity for first-time homebuyers and investors looking for affordable options. The market is characterized by a mix of historic homes and new constructions, appealing to a variety of tastes.

Home Value Estimator For Petersburg, IL

There are currently 2,697 real estate properties in Petersburg, IL, with a median automated valuation model (AVM) price of $223,331.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Petersburg, 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 Petersburg, IL, is $248,007.00, with the most expensive house in Petersburg, IL, topping out at $2,447,597.00 and the cheapest home in Petersburg, IL, clocking in at $15,657.00. In other words, there’s something for every potential homebuyer or savvy investor in Petersburg, IL!

Rent Prices In Petersburg, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Petersburg, IL, is on a rollercoaster ride. The average rent price in Petersburg, IL, is $1,246.00. Indeed, when looking to rent in Petersburg, IL, you can expect to pay as little as $750.00 or as much as $1,920.00, with the average rent median estimated to be $1,230.00. The good news is that finding an affordable and desirable property to rent in Petersburg, 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.

Petersburg, IL Foreclosures


Market Trend for Petersburg, IL

Total Listings Available: 3

Market Values:

Home Prices from $15,657 to $2,447,597

Average Sales Price: $248,007

Rental Values:

Rental from $750 to $1,920

Average Rent Value: $1,246 / month

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