Foreclosure Homes in Chatham, IL 62629

Buyer vs Seller Market in Chatham, IL

The real estate market in Chatham is currently stable, with a mixture of both buyers and sellers actively participating. The area has seen consistent interest due to its family-friendly environment and proximity to Springfield, which has contributed to steady home value appreciation over the past year.

In recent months, there has been a slight increase in new listings, providing more options for potential buyers, while the steady demand from families and individuals seeking homes in Chatham keeps the market competitive.

Rent Prices In Chatham, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chatham, IL, is on a rollercoaster ride. The average rent price in Chatham, IL, is $1,366.00. Indeed, when looking to rent in Chatham, IL, you can expect to pay as little as $710.00 or as much as $2,400.00, with the average rent median estimated to be $1,320.00. The good news is that finding an affordable and desirable property to rent in Chatham, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.