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Preforeclosure Homes in Riverton, IL 62561

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Riverton, IL Foreclosures

Current Market Conditions in in Riverton, IL As of February 2026?
In the last month, Riverton's real estate market has seen an uptick in buyer interest due to favorable mortgage rates, leading to a rise in pending sales. Homes that are well-maintained and priced appropriately are moving off the market faster than in previous months, indicating a growing confidence among buyers. With inventory slightly lower than historical averages, competitive bidding has become commonplace for desirable listings. The overall feeling is one of optimism as the market stabilizes and trends toward a seller's market, driven by increased demand and sustained interest in the area.
How much do homes sell for in Riverton, IL?
The average home price is currently $191,472.
In Riverton, IL, how many homes are available?
There are currently 5 active home listings available in Riverton.
What’s the average rental cost in Riverton, IL?
The average rental price in Riverton is $1,150.
What is the most expensive home in Riverton?
The most expensive home sold in Riverton had a price of $1,838,827.
What is currently the cheapest priced home in Riverton, IL?
The cheapest home for sale in Riverton is priced at $10,579.

Living in Riverton, IL

Riverton, IL is a peaceful village just south of Springfield, known for its friendly community and low cost of living. The area is surrounded by parks and outdoor activities, making it perfect for families and outdoor enthusiasts. With easy access to urban amenities, Riverton strikes a balance between serenity and convenience.

Buyer vs Seller Market in Riverton, IL

The real estate market in Riverton has been steadily improving, with home values rising approximately 5% over the past six months. Increased demand for affordable housing and the charm of small-town living have attracted homebuyers who appreciate the community's history and location close to Springfield.

Currently, homes are selling relatively quickly, with many listings seeing multiple offers shortly after going on the market. Sellers are benefiting from this competitive market, prompting some to consider upgrades and renovations to increase property values.

Home Value Estimator For Riverton, IL

There are currently 1,503 real estate properties in Riverton, IL, with a median automated valuation model (AVM) price of $174,986.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Riverton, 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 Riverton, IL, is $191,472.00, with the most expensive house in Riverton, IL, topping out at $1,838,827.00 and the cheapest home in Riverton, IL, clocking in at $10,579.00. In other words, there’s something for every potential homebuyer or savvy investor in Riverton, IL!

Rent Prices In Riverton, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Riverton, IL, is on a rollercoaster ride. The average rent price in Riverton, IL, is $1,150.00. Indeed, when looking to rent in Riverton, IL, you can expect to pay as little as $630.00 or as much as $1,900.00, with the average rent median estimated to be $1,160.00. The good news is that finding an affordable and desirable property to rent in Riverton, 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.

Riverton, IL 62561 Preforeclosure Homes


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