Marissa, IL Home Values & Market Trends

Real estate market trends reflect that there have been 48 transactions over the past year in Marissa. The median value for residential home transactions that occurred over the previous year is $100,421.63. The number of current listings in Marissa is 4, and the percentage of properties for sale in the city is 4.00%. Marissa, IL currently has 5 properties in foreclosure, 3 bank owned properties, 0 properties headed for auction, and 4 properties for sale.

Marissa, IL Real Estate Market Overview

ZipMedian Est. Value
62257

$ 53,581

$ 43/sqft

Housing Market Summary for Marissa, IL

Apr 2023March 2024Change
Median Listing Price$168K$98,703-41.25%
Median Sold Price$96,729$98,7032.04%
Homes For Sale55-
Homes Sold34352.94%
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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 Marissa, IL

Marissa home values range from $20,357 to $2,319,289. The median estimated value of a home in Marissa is $100,421.63. The median list price of a home is 86,000, and the total count of properties in the city is 1,232.

Foreclosure
There is 1 zips within Marissa, IL; within this zips, the median estimated home value for homes in foreclosure ranges from $199,395 in 62257 to the lowest value of $23,500 in 62257. Foreclosure homes account for 0.00% of properties in Marissa, IL with 62257 containing 5 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.16% of all residential properties in Marissa, IL with 62257 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Marissa, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $199,395 in 62257 to the lowest home value of $78,278 in 62257.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Marissa, IL ranges from the highest value of $119,561 in 62257 to the lowest value of $23,500 in 62257. Bank owned homes and properties account for 0.24% of properties in Marissa, IL. There is 1 zips within Marissa, IL; 62257 containing 3 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 Marissa, IL. Auction homes and other auction properties account for 0% of all properties in Marissa, IL. There is 1 zips within Marissa, 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 0.32% of residential properties in Marissa, IL with 62257 containing 4 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Marissa, IL; homes for sale in that zips, have a range of median values from $110,000 in 62257 to the lowest value of $36,340 in 62257.
    Sold Homes
    The median value for recently sold homes ranges from $599,863 in 62257 to the lowest price of $24,893 in 62257. There is 1 zips within Marissa, IL. 62257 has 32 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.60% of properties in Marissa, IL.

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      Guide for Marissa, IL

      Market Reports
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      See More Articles
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      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 new house being built
      What Type of Loan Is Best for First-Time Home Buyers?
      Investment Financing|posted 9 April 2024

      Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?

      What To Consider Before Renting a RTO Home
      Home Buying Financing|posted 5 April 2024

      RTO homes can sometimes be tricky to understand. Here are the questions you should if you are considering a rent-to-own property.

      Charleston Real Estate Market Stabilizes in March 2024 Amid Fluctuations
      Market Reports|posted 4 April 2024

      The Charleston real estate market has displayed notable fluctuations in property values, with trends for sales volume, square foot costs, and average sale price showing a general upward trajectory.

      Recently Listed Homes Marissa, IL

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