Foreclosure Homes in Wellington, IL

Current Market Conditions in Wellington, IL

The real estate market in Wellington is currently stable with a slight increase in property values over the last few months. Buyers are attracted to the affordability in comparison to nearby urban areas. Despite being a smaller market, Wellington remains competitive as families and new home buyers are seeking residential options within the community.

In recent months, the demand for homes in Wellington has been rising, with particular interest in single-family homes that have nice yards and are located in family-friendly neighborhoods. Sellers are seeing quicker sales lists and many homes are being sold above asking price due to the increased competitive interest.

Rent Prices In Wellington, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wellington, IL, is on a rollercoaster ride. The average rent price in Wellington, IL, is $929.00. Indeed, when looking to rent in Wellington, IL, you can expect to pay as little as $580.00 or as much as $1,400.00, with the average rent median estimated to be $890.00. The good news is that finding an affordable and desirable property to rent in Wellington, 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.