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Foreclosure Homes in Wapella, IL 61777

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Wapella, IL Foreclosures

How much do homes sell for in Wapella, IL?
The average home price is currently $217,080.
In Wapella, IL, how many homes are available?
There are currently 5 active home listings available in Wapella.
What’s the average rental cost in Wapella, IL?
The average rental price in Wapella is $1,223.
What is the most expensive home in Wapella?
The most expensive home sold in Wapella had a price of $1,596,304.
What is currently the cheapest priced home in Wapella, IL?
The cheapest home for sale in Wapella is priced at $12,700.

Living in Wapella, IL

Wapella, IL, is a quaint and friendly village in DeWitt County, perfect for those looking for a relaxed rural lifestyle. With a strong community spirit, residents enjoy local events and numerous recreational opportunities. Its proximity to larger cities offers residents additional amenities while maintaining a peaceful atmosphere.

Current Market Conditions in Wapella, IL

The real estate market in Wapella is currently experiencing stable conditions with a balanced mix of buyers and sellers. Home prices have shown consistent trends, making it an appealing option for first-time homebuyers and those looking for investment opportunities. The area offers a variety of housing options, from quaint cottages to larger family homes.

Due to the village's charm and community-centric lifestyle, Wapella is gaining attention from those who value affordability and tranquility. As demand increases, especially from families and retirees, the market is expected to remain competitive with potential for gradual price appreciation.

Home Value Estimator For Wapella, IL

There are currently 400 real estate properties in Wapella, IL, with a median automated valuation model (AVM) price of $153,788.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wapella, 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 Wapella, IL, is $217,080.00, with the most expensive house in Wapella, IL, topping out at $1,596,304.00 and the cheapest home in Wapella, IL, clocking in at $12,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Wapella, IL!

Rent Prices In Wapella, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wapella, IL, is on a rollercoaster ride. The average rent price in Wapella, IL, is $1,223.00. Indeed, when looking to rent in Wapella, IL, you can expect to pay as little as $760.00 or as much as $2,340.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in Wapella, 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.

Wapella, IL 61777 Foreclosures

Market Trend for Wapella, IL

Total Listings Available: 5

Market Values:

Home Prices from $12,700 to $1,596,304

Average Sales Price: $217,080

Rental Values:

Rental from $760 to $2,340

Average Rent Value: $1,223 / month

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