There are currently 34 real estate properties in MOUNT OLIVE, IL, with a median automated valuation model (AVM) price of $113,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in MOUNT OLIVE, 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 MOUNT OLIVE, IL, is $121,038.00, with the most expensive house in MOUNT OLIVE, IL, topping out at $270,400.00 and the cheapest home in MOUNT OLIVE, IL, clocking in at $22,100.00. In other words, there’s something for every potential homebuyer or savvy investor in MOUNT OLIVE, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in MOUNT OLIVE, IL, is on a rollercoaster ride. The average rent price in MOUNT OLIVE, IL, is $1,051.00. Indeed, when looking to rent in MOUNT OLIVE, IL, you can expect to pay as little as $740.00 or as much as $1,460.00, with the average rent median estimated to be $1,020.00. The good news is that finding an affordable and desirable property to rent in MOUNT OLIVE, 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.