Foreclosure Homes in Spaulding, IL

Current Market Conditions in Spaulding, IL

The real estate market in Spaulding has seen a steady increase in demand over the past year. With an influx of families looking for more affordable housing outside of the Springfield area, properties have begun to appreciate in value. This growing interest is driven not only by the affordability of homes but also by the village's desirable lifestyle and amenities.

As of late summer 2023, buyer interest has augmented, with the average home price experiencing a marginal increase of approximately 3% compared to last year. This trend is expected to continue as more individuals and families are discovering the appeal of small-town living with quick access to larger urban centers.

Rent Prices In Spaulding, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Spaulding, IL, is on a rollercoaster ride. The average rent price in Spaulding, IL, is $1,218.00. Indeed, when looking to rent in Spaulding, IL, you can expect to pay as little as $820.00 or as much as $1,650.00, with the average rent median estimated to be $1,230.00. The good news is that finding an affordable and desirable property to rent in Spaulding, 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.