Waverly, IL Foreclosures
Current Market Conditions in in Waverly, IL As of February 2026?
Over the last month, Waverly's housing market has continued its upward trajectory with a noticeable increase in home sales. The average time on the market has shortened, suggesting that buyers are becoming more competitive. With many homeowners choosing to upgrade or downsize, this trend has led to a healthier market for listings. Due to ongoing demand, prices have remained stable, but some areas have seen slight increases as buyers become more eager to secure properties.
How much do homes sell for in Waverly, IL?
The average home price is currently $156,010.
In Waverly, IL, how many homes are available?
There are currently 10 active home listings available in Waverly.
What’s the average rental cost in Waverly, IL?
The average rental price in Waverly is $993.
What is the most expensive home in Waverly?
The most expensive home sold in Waverly had a price of $2,366,160.
What is currently the cheapest priced home in Waverly, IL?
The cheapest home for sale in Waverly is priced at $10,083.
Living in Waverly, IL
Waverly, IL, is a quaint and friendly town known for its community spirit and access to outdoor activities. Residents enjoy a relaxed lifestyle with nearby amenities and educational institutions, making it an ideal place for families. With Springfield nearby, Waverly provides the perfect balance of rural charm and urban convenience.
Buyer vs Seller Market in Waverly, IL
The real estate market in Waverly, IL is currently experiencing moderate growth, driven by its appealing small-town charm and proximity to Springfield. Homes are reasonably priced, making it an attractive option for first-time homebuyers as well as families seeking a peaceful place to settle down. In recent months, there has been an increase in demand for homes, especially those with larger yards and proximity to schools, as more people seek suburban living options.
As remote work becomes more common, potential buyers are looking for homes with extra space and proximity to parks and recreational areas. This trend has resulted in more competitive offers, indicating a strong market for sellers. With modest inventory levels, homes that are well-priced and well-maintained are selling quickly, often within days of being listed.
Home Value Estimator For Waverly, IL
There are currently 937 real estate properties
in Waverly, IL,
with a median automated valuation model (AVM) price
of $102,858.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Waverly, 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 Waverly, IL,
is $156,010.00, with the most expensive house
in Waverly, IL, topping out
at $2,366,160.00 and the cheapest home
in Waverly, IL,
clocking in at $10,083.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Waverly, IL!
Rent Prices
In Waverly, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Waverly, IL, is on
a rollercoaster ride. The
average rent price in Waverly, IL,
is $993.00. Indeed, when looking to rent in
Waverly, IL, you can expect to pay as little
as $570.00 or as much
as $1,800.00,
with the average rent median estimated to
be $960.00. The good news is that finding
an affordable and desirable property to rent in Waverly, 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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