Marine, IL Home Values & Market Trends

Real estate market trends reflect that there have been 24 transactions over the past year in Marine. The median value for residential home transactions that occurred over the previous year is $215,785.71. The number of current listings in Marine is 1, and the percentage of properties for sale in the city is 1.00%. Marine, IL currently has 3 properties in foreclosure, 1 bank owned properties, 0 properties headed for auction, and 1 properties for sale.

Marine, IL Real Estate Market Overview

ZipMedian Est. Value
62061

$ 129,900

$ 48/sqft

Housing Market Summary for Marine, IL

Apr 2023March 2024Change
Median Listing Price$585K$150K-74.36%
Median Sold Price$166.5K$150K-9.90%
Homes For Sale12100.00%
Homes Sold1413-7.14%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Marine, IL

Marine home values range from $28,719 to $668,413. The median estimated value of a home in Marine is $215,785.71. The median list price of a home is 129,900, and the total count of properties in the city is 579.

Foreclosure
There is 1 zips within Marine, IL; within this zips, the median estimated home value for homes in foreclosure ranges from $226,524 in 62061 to the lowest value of $116,703 in 62061. Foreclosure homes account for 0.00% of properties in Marine, IL with 62061 containing 3 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.35% of all residential properties in Marine, IL with 62061 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Marine, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $226,524 in 62061 to the lowest home value of $116,703 in 62061.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Marine, IL ranges from the highest value of $173,075 in 62061 to the lowest value of $173,075 in 62061. Bank owned homes and properties account for 0.17% of properties in Marine, IL. There is 1 zips within Marine, IL; 62061 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Marine, IL. Auction homes and other auction properties account for 0% of all properties in Marine, IL. There is 1 zips within Marine, IL; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.17% of residential properties in Marine, IL with 62061 containing 1 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Marine, IL; homes for sale in that zips, have a range of median values from $129,900 in 62061 to the lowest value of $129,900 in 62061.
    Sold Homes
    The median value for recently sold homes ranges from $418,185 in 62061 to the lowest price of $75,608 in 62061. There is 1 zips within Marine, IL. 62061 has 14 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.42% of properties in Marine, IL.

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      Guide for Marine, IL

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      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
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      Mobile’s Real Estate Market Shows Promising Growth Despite Sales Dip in March 2024
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      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

      Property Values and Sales on the Rise in Savannah, Georgia – April 2024
      Market Reports|posted 17 April 2024

      Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.

      Mobile’s Real Estate Market Shows Promising Growth Despite Sales Dip in March 2024
      Market Reports|posted 17 April 2024

      Report of recent trends in Mobile, Alabama’s real estate market, highlighting rising property values, fluctuating sales volumes, and the variations in value and sales figures across neighboring areas as of March 2024.

      Recently Listed Homes Marine, IL

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