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Multi-family Foreclosures in Tallula, IL

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Tallula, IL Foreclosures

How much do homes sell for in Tallula, IL?
The average home price is currently $172,588.
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 $1,001,068.
What is currently the cheapest priced home in Tallula, IL?
The cheapest home for sale in Tallula is priced at $26,012.

Living in Tallula, IL

Tallula, IL is a quaint town with a friendly community atmosphere, ideal for families and retirees. Located near Springfield, it offers charming parks, local shops, and a close-knit lifestyle with access to educational facilities. Tallula’s rural character provides a peaceful retreat while being close to urban conveniences.

Current Market Conditions in Tallula, IL

Tallula's real estate market remains stable, characterized by a mix of charming older homes and some newer constructions. The average price of homes has shown a steady increase over the past few years, driven by demand from families and individuals seeking tranquility away from the hustle and bustle of larger cities.

The rental market is also growing due to a rising interest from young professionals and newcomers to the area, indicating a healthy demand for both purchasing and rental options.

Home Value Estimator For Tallula, IL

There are currently 237 real estate properties in Tallula, IL, with a median automated valuation model (AVM) price of $129,147.00. 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 $172,588.00, with the most expensive house in Tallula, IL, topping out at $1,001,068.00 and the cheapest home in Tallula, IL, clocking in at $26,012.00. 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.

Tallula, IL Multi-family Homes

Market Trend for Tallula, IL

Total Listings Available: 0

Market Values:

Home Prices from $26,012 to $1,001,068

Average Sales Price: $172,588

Rental Values:

Rental from $890 to $1,750

Average Rent Value: $1,131 / month

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