October's First-Time Homebuyer Report for Mount Clare

Mount Clare is a small city in Illinois that has seen a 14.1% decrease in population over the last 10 years. It also has a total population of 278. With a median age of 61 years, homes in Mount Clare tend to be older than most.

Price Range

The median value of homes in Mount Clare is $65,400, making it one of the lower priced areas in Illinois. At the same time, the average list price of available homes is presently $136,207. More sellers put their homes up for sale in the Mount Clare market over the last 30 days and the number of new listings spiked this week to one. Home sales remained unchanged from the prior period and once again one home was sold.

Make sure you take a look at these eye-catching homes in Mount Clare that generated the most views from potential buyers:

$329K   $128K  

Typical Dwelling

A four-bedroom detached home valued around $228,500 is considered a typical dwelling in Mount Clare. If a buyer was looking for a similar home, they would need good credit and a $45,700 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $306 and the property tax rate is $12.83 per $1,000 of taxable assessed value.

Get started right now by checking out Mount Clare homes for sale or reviewing Mount Clare real estate trends.


Data reported through 10/13/2016

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