Tallula, IL Foreclosures
Current Market Conditions in in Tallula, IL As of January 2026?
Over the past month, Tallula's real estate market has remained stable with no significant fluctuations. There has been an increase in home showings, signaling an uptick in buyer interest. Sellers are pricing their homes competitively to attract this demand, and properties that are well-kept and reasonably priced are selling more quickly than before. The demand is fueled by the village's charm and affordability compared to larger urban areas.
How much do homes sell for in Tallula, IL?
The average home price is currently $190,902.
What’s the average rental cost in Tallula, IL?
The average rental price in Tallula is $1,131.
What is the most expensive home in Tallula?
The most expensive home sold in Tallula had a price of $959,395.
What is currently the cheapest priced home in Tallula, IL?
The cheapest home for sale in Tallula is priced at $18,566.
Living in Tallula, IL
Tallula, Illinois, is a charming rural village that offers a blend of tranquility and community spirit. With its beautiful agricultural surroundings and friendly residents, Tallula is perfect for those seeking a quiet lifestyle. Residents can enjoy various local events and outdoor activities, making it a welcoming place for families and individuals alike.
Buyer vs Seller Market in Tallula, IL
The real estate market in Tallula has seen a steady increase in interest, with newcomers drawn to its affordable home prices and friendly community atmosphere. Currently, there are a limited number of homes available for sale, which has led to competitive pricing in certain neighborhoods as buyers seek properties in the area.
Demand for homes has remained consistent, especially among first-time buyers and retirees looking for a quieter lifestyle. The market trends suggest that values are likely to rise gradually, making it a potentially worthwhile area for investment.
Home Value Estimator For Tallula, IL
There are currently 358 real estate properties
in Tallula, IL,
with a median automated valuation model (AVM) price
of $147,218.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Tallula, 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 Tallula, IL,
is $190,902.00, with the most expensive house
in Tallula, IL, topping out
at $959,395.00 and the cheapest home
in Tallula, IL,
clocking in at $18,566.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Tallula, IL!
Rent Prices
In Tallula, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Tallula, IL, is on
a rollercoaster ride. The
average rent price in Tallula, IL,
is $1,131.00. Indeed, when looking to rent in
Tallula, IL, you can expect to pay as little
as $890.00 or as much
as $1,750.00,
with the average rent median estimated to
be $1,090.00. The good news is that finding
an affordable and desirable property to rent in Tallula, 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.
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