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Foreclosures in Prairie City, IL

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Prairie City, IL Foreclosures

Current Market Conditions in in Prairie City, IL As of January 2026?
In the past month, the Prairie City real estate market has remained competitive. Listings have seen a slight increase in inventory, which presents more choices for prospective buyers. However, the average days on market have decreased, indicating strong buyer interest. Homes that are priced well and in good condition are still selling quickly, often in under two weeks. Overall, the market's momentum is driven by low-interest rates and the demand for space and outdoor areas has never been higher, especially for families with children.
How much do homes sell for in Prairie City, IL?
The average home price is currently $103,568.
In Prairie City, IL, how many homes are available?
There are currently 46 active home listings available in Prairie City.
What’s the average rental cost in Prairie City, IL?
The average rental price in Prairie City is $868.
What is the most expensive home in Prairie City?
The most expensive home sold in Prairie City had a price of $1,183,285.
What is currently the cheapest priced home in Prairie City, IL?
The cheapest home for sale in Prairie City is priced at $7,250.

Living in Prairie City, IL

Prairie City is a quaint village in the heart of Illinois, offering a peaceful and tight-knit community atmosphere. Known for its scenic views and friendly residents, it boasts a range of local amenities that cater to both families and individuals. The area features a rich agricultural backdrop while being conveniently located to nearby urban centers, making it an ideal place for those looking for a serene lifestyle with easy access to city conveniences.

Buyer vs Seller Market in Prairie City, IL

The real estate market in Prairie City has shown steady growth, with an increase in demand for homes in the area. Recent trends indicate that the market is favoring sellers, with homes receiving multiple offers and selling at or above asking price. The affordability of homes compared to nearby urban centers attracts a diverse range of buyers, including young families and retirees looking to downsize to a quieter community.

As the market stabilizes, Prairie City is witnessing an influx of new residents drawn by its favorable living conditions and the growing appeal of rural living. With the rise in remote work, many individuals are seeking homes that offer both tranquility and accessibility to essential services.

Home Value Estimator For Prairie City, IL

There are currently 221 real estate properties in Prairie City, IL, with a median automated valuation model (AVM) price of $63,023.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Prairie City, 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 Prairie City, IL, is $103,568.00, with the most expensive house in Prairie City, IL, topping out at $1,183,285.00 and the cheapest home in Prairie City, IL, clocking in at $7,250.00. In other words, there’s something for every potential homebuyer or savvy investor in Prairie City, IL!

Rent Prices In Prairie City, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Prairie City, IL, is on a rollercoaster ride. The average rent price in Prairie City, IL, is $868.00. Indeed, when looking to rent in Prairie City, IL, you can expect to pay as little as $460.00 or as much as $2,340.00, with the average rent median estimated to be $800.00. The good news is that finding an affordable and desirable property to rent in Prairie City, 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.

Prairie City, IL Foreclosures

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