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Preforeclosure Homes in Royal, IL 61871

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Royal, IL Foreclosures

How much do homes sell for in Royal, IL?
The average home price is currently $214,318.
In Royal, IL, how many homes are available?
There are currently 6 active home listings available in Royal.
What’s the average rental cost in Royal, IL?
The average rental price in Royal is $1,469.
What is the most expensive home in Royal?
The most expensive home sold in Royal had a price of $587,024.
What is currently the cheapest priced home in Royal, IL?
The cheapest home for sale in Royal is priced at $13,212.

Living in Royal, IL

Royal, IL is a charming rural village in Champaign County known for its tight-knit community and peaceful atmosphere. With quality schools and access to nearby urban amenities, it's an ideal place for families and individuals seeking a serene lifestyle. Enjoy outdoor adventures in the picturesque surroundings, making Royal a hidden gem in Illinois.

Current Market Conditions in Royal, IL

The real estate market in Royal has been stable with a steady interest from buyers looking for affordable properties in serene settings. The mix of single-family homes, farmland, and spacious lots offers diverse options for investors and families alike.

Recently, the village has seen a gradual increase in home values as more people seek to move away from urban centers in search of quieter living spaces. The demand for properties near parks and recreational areas has particularly contributed to positive market trends.

Home Value Estimator For Royal, IL

There are currently 217 real estate properties in Royal, IL, with a median automated valuation model (AVM) price of $199,458.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Royal, 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 Royal, IL, is $214,318.00, with the most expensive house in Royal, IL, topping out at $587,024.00 and the cheapest home in Royal, IL, clocking in at $13,212.00. In other words, there’s something for every potential homebuyer or savvy investor in Royal, IL!

Rent Prices In Royal, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Royal, IL, is on a rollercoaster ride. The average rent price in Royal, IL, is $1,469.00. Indeed, when looking to rent in Royal, IL, you can expect to pay as little as $630.00 or as much as $2,260.00, with the average rent median estimated to be $1,420.00. The good news is that finding an affordable and desirable property to rent in Royal, 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.

Royal, IL 61871 Preforeclosure Homes


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