Marengo, IL Home Values & Market Trends
Real estate market trends reflect that there have been 190 transactions over the past year in Marengo. The median value for residential home transactions that occurred over the previous year is $290,690.5. The number of current listings in Marengo is 11, and the percentage of properties for sale in the city is 11.00%. Marengo, IL currently has 26 properties in foreclosure, 0 bank owned properties, 3 properties headed for auction, and 11 properties for sale.
Marengo, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60152 | $ 375,000 $ 164/sqft |
Housing Market Summary for Marengo, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $385.5K | $306.4K | -20.53% |
| Median Sold Price | $260.8K | $306.4K | 17.45% |
| Homes For Sale | 10 | 8 | -20.00% |
| Homes Sold | 116 | 86 | -25.86% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Marengo, IL
Browse Homes in Marengo, IL
Marengo home values range from $31,738 to $1,949,903. The median estimated value of a home in Marengo is $290,690.5. The median list price of a home is 385,000, and the total count of properties in the city is 3,761.
- Pre-ForeclosurePre-foreclosure homes account for 0.61% of all residential properties in Marengo, IL with 60152 containing 23 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Marengo, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $741,855 in 60152 to the lowest home value of $171,427 in 60152.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Marengo, IL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Marengo, IL. There is 1 zips within Marengo, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60152 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Marengo, IL. Auction homes and other auction properties account for 0.08% of all properties in Marengo, IL. There is 1 zips within Marengo, IL; of that zips, the median estimated home value for homes going to auction ranges from $230,505 in 60152 to the lowest value of $196,150 in 60152.
Compare Nearby Cities
More Real Estate Resources for Marengo, IL
Guide for Marengo, IL
A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.
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.