Foreclosure Homes in Pontiac, IL 61764

Current Market Conditions in Pontiac, IL

The current real estate market in Pontiac is experiencing a stable demand, with several homes being sold within a reasonable timeframe. Prices range from affordable to moderately priced homes, indicating a balanced market that is attractive to both buyers and sellers. The average days on market are consistent, suggesting a steady interest in property ownership within the community.

Recently, there has been a notable trend of first-time homebuyers entering the Pontiac market, drawn by competitive pricing and the charm of small-town living. This influx has led to a slight increase in home prices over the last year, but they remain below the state average, making Pontiac an appealing option for those looking to invest in real estate.

Rent Prices In Pontiac, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pontiac, IL, is on a rollercoaster ride. The average rent price in Pontiac, IL, is $1,172.00. Indeed, when looking to rent in Pontiac, IL, you can expect to pay as little as $640.00 or as much as $2,480.00, with the average rent median estimated to be $1,110.00. The good news is that finding an affordable and desirable property to rent in Pontiac, 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.