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Cheap Homes in Saint Elmo, IL

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Saint Elmo, IL Foreclosures

Current Market Conditions in in Saint Elmo, IL As of January 2026?
In the past month, Saint Elmo's real estate market saw a slight uptick in activity, with a few new listings coming on the market. However, the overall inventory remains low, which may result in competitive bidding for well-priced homes. Buyers are encouraged to move quickly when they find a property that meets their needs, as options are limited and performance indicators suggest continued price stability and growth.
How much do homes sell for in Saint Elmo, IL?
The average home price is currently $147,457.
In Saint Elmo, IL, how many homes are available?
There are currently 1 active home listings available in Saint Elmo.
What’s the average rental cost in Saint Elmo, IL?
The average rental price in Saint Elmo is $935.
What is the most expensive home in Saint Elmo?
The most expensive home sold in Saint Elmo had a price of $1,090,700.
What is currently the cheapest priced home in Saint Elmo, IL?
The cheapest home for sale in Saint Elmo is priced at $16,301.

Living in Saint Elmo, IL

Saint Elmo, IL is a charming small town known for its tight-knit community and peaceful lifestyle. The area offers various amenities, including parks and local shops, making it ideal for families and retirees. With its picturesque surroundings and friendly atmosphere, Saint Elmo provides a wonderful place to call home.

Buyer vs Seller Market in Saint Elmo, IL

The real estate market in Saint Elmo, IL has been stable, showing modest growth over the past year. Home values have seen a gradual increase, driven by low interest rates and a steady demand for homes in this quaint town.

The market continues to attract buyers looking for affordable housing options in a rural setting. Inventory levels are somewhat limited, which is contributing to an upward trend in home prices as more buyers are looking to invest in the area.

Home Value Estimator For Saint Elmo, IL

There are currently 873 real estate properties in Saint Elmo, IL, with a median automated valuation model (AVM) price of $104,928.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Saint Elmo, 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 Saint Elmo, IL, is $147,457.00, with the most expensive house in Saint Elmo, IL, topping out at $1,090,700.00 and the cheapest home in Saint Elmo, IL, clocking in at $16,301.00. In other words, there’s something for every potential homebuyer or savvy investor in Saint Elmo, IL!

Rent Prices In Saint Elmo, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Saint Elmo, IL, is on a rollercoaster ride. The average rent price in Saint Elmo, IL, is $935.00. Indeed, when looking to rent in Saint Elmo, IL, you can expect to pay as little as $570.00 or as much as $2,070.00, with the average rent median estimated to be $910.00. The good news is that finding an affordable and desirable property to rent in Saint Elmo, 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.

Cheap Homes in Saint Elmo, IL

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