Pontiac, IL Foreclosures
How much do homes sell for in Pontiac, IL?
The average home price is currently $179,670.
In Pontiac, IL, how many homes are available?
There are currently 3 active home listings available in Pontiac.
What’s the average rental cost in Pontiac, IL?
The average rental price in Pontiac is $1,172.
What is the most expensive home in Pontiac?
The most expensive home sold in Pontiac had a price of $17,781,222.
What is currently the cheapest priced home in Pontiac, IL?
The cheapest home for sale in Pontiac is priced at $13,098.
Living in Pontiac, IL
Pontiac, IL is a charming city in Central Illinois known for its historical attractions and strong community ties. Residents enjoy a vibrant lifestyle with access to parks, local shops, and a robust education system. The city also boasts many annual events that foster community engagement and celebration.
Current Market Conditions in Pontiac, IL
Pontiac's real estate market has shown stability over the past few years, with a steady demand for single-family homes. As the city continues to grow in popularity, particularly among families and retirees, the market is expected to experience gradual appreciation in property values. Overall, current market trends indicate a healthy balance of supply and demand, making it an opportune time for both buyers and sellers alike to engage in real estate transactions.
In recent months, Pontiac has experienced a surge in interest from new residents, partly due to the city's affordability compared to surrounding areas. This influx has contributed to a slight increase in home prices, along with a decrease in the number of homes available on the market. With the city's ongoing development projects aimed at enhancing local amenities, it is likely that the demand will continue to rise, keeping market conditions favorable for sellers.
Home Value Estimator For Pontiac, IL
There are currently 4,351 real estate properties
in Pontiac, IL,
with a median automated valuation model (AVM) price
of $139,715.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Pontiac, 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 Pontiac, IL,
is $179,670.00, with the most expensive house
in Pontiac, IL, topping out
at $17,781,222.00 and the cheapest home
in Pontiac, IL,
clocking in at $13,098.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Pontiac, IL!
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.
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