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Cheap Homes in Sullivan, IL

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Sullivan, IL Foreclosures

Current Market Conditions in in Sullivan, IL As of April 2026?
Over the past month, the Sullivan real estate market has seen a slight uptick in buyer activity, which some real estate analysts attribute to favorable interest rates. Sellers are beginning to receive multiple offers, particularly on well-maintained homes. While inventory levels remain moderate, it's experiencing a gradual improvement, leading to a more competitive market altogether.
How much do homes sell for in Sullivan, IL?
The average home price is currently $211,373.
What’s the average rental cost in Sullivan, IL?
The average rental price in Sullivan is $1,168.
What is the most expensive home in Sullivan?
The most expensive home sold in Sullivan had a price of $4,288,266.
What is currently the cheapest priced home in Sullivan, IL?
The cheapest home for sale in Sullivan is priced at $10,006.

Living in Sullivan, IL

Sullivan, IL is a quaint small town that offers a great blend of rural charm and community spirit. With ample recreational activities, well-regarded schools, and a friendly atmosphere, it is an ideal place for families and anyone looking for a peaceful lifestyle. The town is also conveniently located with easy access to essential amenities and services.

Buyer vs Seller Market in Sullivan, IL

The real estate market in Sullivan has remained stable, with a modest appreciation in home values over the past year. Buyers are looking for affordable homes in a family-friendly area, making Sullivan an attractive option.

New developments have started to appear in the area, which is expected to increase demand for housing. The mix of older homes and new constructions offers a variety of choices for prospective homeowners.

Home Value Estimator For Sullivan, IL

There are currently 3,056 real estate properties in Sullivan, IL, with a median automated valuation model (AVM) price of $170,587.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Sullivan, 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 Sullivan, IL, is $211,373.00, with the most expensive house in Sullivan, IL, topping out at $4,288,266.00 and the cheapest home in Sullivan, IL, clocking in at $10,006.00. In other words, there’s something for every potential homebuyer or savvy investor in Sullivan, IL!

Rent Prices In Sullivan, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Sullivan, IL, is on a rollercoaster ride. The average rent price in Sullivan, IL, is $1,168.00. Indeed, when looking to rent in Sullivan, IL, you can expect to pay as little as $570.00 or as much as $2,080.00, with the average rent median estimated to be $1,150.00. The good news is that finding an affordable and desirable property to rent in Sullivan, 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 Sullivan, IL

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