Village of Matteson, Illionis.......A Great Place to Live in 2010! Real Estate Market Report!

By
Real Estate Agent with ReMax 10

Matteson, (pronounced Mat-te-son) Illinois located 30 minutes from downtown Chicago covers a 12 square mile area, with a population according to the last census data of 16,579.  Nestled between Tinley Park and Olympia Fields, Matteson enjoys easy access to I-57,I-90/94,I-80 and I-294. Residents can rely on Metra trains and Pace buses for transportation around town and commuting to Chicago.  The Village offers five public,private and parochial school options to the residents.  Situated near Prairie State College and Governor's State University, 26% of the residents have earned a Bachelor's degree or better. Matteson has the largest Auto Mall in the nation. Boasting a shopping mall, 5 banks and/or savings and loan institutions, a library, a health club, more than 10 churches, a living/ home facility, and 30 or more restaurants according to the Village of Matteson Statistics.

The average household income is $75,000. Average Cost of a home before the economy collapsed was $264,000 according to Realty Trac. 67% of the homes range from $170,000 to $339,000. Today the average home price has dropped to 129,591, largely due to the influx of foreclosures contributing to declining prices.  Currently there are 474 homeowners in default of their loans. This has made Matteson an investor haven, many investors find the Village easy to work with and have snapped up bank owned properties and pre-foreclosures.

Current overall market activity shows 129 Active Listings ranging from $45,950 to $485,000. There are 43 Pending contracts ranging in price from $6,930 to $399,000. 19 homes were closed in the month of December ranging in price from $38,500 to $299,000.

Today if you are looking for a bargin, this is the time to buy while prices are low.  When prices start to increase once the economy starts swinging upwards, Matteson will be a great place to watch value increase. New businesses are coming to Matteson everyday, giving a lift to the future vision. Next week we will break Matteson down by neighborhoods.

PLEASE GIVE ME A CALL IF YOU WOULD LIKE TO DISCUSSION MATTESON REAL ESTATE MARKET in more detail and for all your local real estate needs.

 

 

 

Posted by

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Illinois Cook County Matteson
Groups:
Realtors®
Activerain MLS Online
RE/MAX in Illinois
Tags:
market reports
matteson illinois
matteson
village of matteson
south suburbs of chicago

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
722,730
Connie Lou Barnett
Real Living/Home Realty - Owensboro, KY
GRI,CRS,CRB,SRMM,ARA,PRS,SFR,QSC

Hi Andretta,

   This sounds like a super listing.  Wishing you many sales in 2010.

Connie Lou

Dec 30, 2009 12:53 AM #1
Anonymous
ROD

listing of homes of 80,000

Jun 22, 2010 03:21 AM #2
Rainmaker
71,368
Andretta Robinson
ReMax 10 - Matteson, IL
Real Estate Broker - Chicago South Suburbs

Hi, Please provide me with your phone number, email etc so I can respond.

Jun 22, 2010 04:15 AM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
71,368

Andretta Robinson

Real Estate Broker - Chicago South Suburbs
Ask me a question
*
*
*
*
Spam prevention