Frequently Asked Questions
What warranties come with a new construction home?
Most Builders provide a 1-year workmanship warranty, a 2-year systems warranty, and a 10-year structural warranty.
What upgrades are included in a new build vs what is considered extras?
Builders in Malta, IL usually offer a base package and optional upgrades such as flooring, countertops, and appliances.
Do new construction homes in Malta, IL hold their value?
Yes, especially in fast-growing areas of Malta, IL. Resale values are supported by population growth, job opportunities, and desirable schools.
What happens if I find issues after moving in to new build?
Builders typically provide a post-move in warranty service to address punch list items.
Home Trends in Malta, IL
On average, homes in Malta, IL sell after 40 days on the market compared to the national average of 53 days. The median sale price for homes in Malta, IL over the last 12 months is $291,440, up 17% from the median home sale price over the previous 12 months.
Median Sale Price
$291,440
Median Single Family Sale Price
$291,440
Average Price Per Sq Ft
$165
Number of Homes for Sale
12
Last 12 months Home Sales
54
Median List Price
$294,990
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
17%