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Preforeclosure Homes in Waterloo, IL 62298

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Waterloo, IL Foreclosures

Current Market Conditions in in Waterloo, IL As of February 2026?
Over the past month, the real estate market in Waterloo has shown signs of robust activity, with an increase in the number of homes sold compared to the previous month. The average time on the market has decreased, highlighting the demand among buyers. Many homes are receiving multiple offers, indicating a competitive market where sellers are benefiting from increased interest. Overall, the market remains favorable for those considering buying or selling in the coming months.
How much do homes sell for in Waterloo, IL?
The average home price is currently $340,488.
In Waterloo, IL, how many homes are available?
There are currently 10 active home listings available in Waterloo.
What’s the average rental cost in Waterloo, IL?
The average rental price in Waterloo is $1,331.
What is the most expensive home in Waterloo?
The most expensive home sold in Waterloo had a price of $14,660,169.
What is currently the cheapest priced home in Waterloo, IL?
The cheapest home for sale in Waterloo is priced at $12,606.

Living in Waterloo, IL

Waterloo, IL is a quaint town with a strong sense of community, offering a mix of history and modern living. It boasts excellent schools, beautiful parks, and a low cost of living. Conveniently located near major highways, it makes commuting to St. Louis a breeze.

Buyer vs Seller Market in Waterloo, IL

The real estate market in Waterloo, IL is experiencing a steady increase in home values, making it a favorable investment opportunity for buyers. The demand for homes is on the rise, particularly among families looking for affordable options in a welcoming community.

While the market remains competitive, there is a healthy mix of listings available ranging from starter homes to more luxurious properties. As such, buyers are finding opportunities in various price ranges, although they may need to act quickly due to limited inventory.

Rental properties have also seen an uptick in interest, with young professionals and families seeking accommodations that provide access to both suburban comfort and urban amenities.

Home Value Estimator For Waterloo, IL

There are currently 7,359 real estate properties in Waterloo, IL, with a median automated valuation model (AVM) price of $317,938.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Waterloo, 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 Waterloo, IL, is $340,488.00, with the most expensive house in Waterloo, IL, topping out at $14,660,169.00 and the cheapest home in Waterloo, IL, clocking in at $12,606.00. In other words, there’s something for every potential homebuyer or savvy investor in Waterloo, IL!

Rent Prices In Waterloo, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Waterloo, IL, is on a rollercoaster ride. The average rent price in Waterloo, IL, is $1,331.00. Indeed, when looking to rent in Waterloo, IL, you can expect to pay as little as $580.00 or as much as $2,560.00, with the average rent median estimated to be $1,330.00. The good news is that finding an affordable and desirable property to rent in Waterloo, 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.

Waterloo, IL 62298 Preforeclosure Homes

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