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Preforeclosure Homes in Chatham, IL 62629

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Chatham, IL Foreclosures

Current Market Conditions in in Chatham, IL As of February 2026?
In the past month, Chatham experienced a slight increase in home prices, which suggests that the market remains strong and desirable. The number of new listings has also improved, providing more options for prospective buyers, yet demand remains robust, indicating that homes are being sold quickly. This healthy turnover strengthens the local economy and enhances neighborhood vibrancy.
How much do homes sell for in Chatham, IL?
The average home price is currently $297,431.
In Chatham, IL, how many homes are available?
There are currently 5 active home listings available in Chatham.
What’s the average rental cost in Chatham, IL?
The average rental price in Chatham is $1,366.
What is the most expensive home in Chatham?
The most expensive home sold in Chatham had a price of $6,842,983.
What is currently the cheapest priced home in Chatham, IL?
The cheapest home for sale in Chatham is priced at $16,589.

Living in Chatham, IL

Chatham, IL is a charming suburban community known for its excellent schools and friendly atmosphere. With numerous parks and local amenities, it's an ideal place for families and individuals seeking a peaceful yet vibrant neighborhood. The thriving local business scene and community events add to Chatham's appeal for new residents.

Buyer vs Seller Market in Chatham, IL

The real estate market in Chatham remains competitive, with a steady demand for single-family homes. The attractive suburban environment, along with the proximity to Springfield, continues to draw buyers, particularly families.

Over the last year, home prices have appreciated moderately, reflecting a healthy growth trend as new developments and community improvements take place.

Home Value Estimator For Chatham, IL

There are currently 5,443 real estate properties in Chatham, IL, with a median automated valuation model (AVM) price of $281,823.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Chatham, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Chatham, IL, is $297,431.00, with the most expensive house in Chatham, IL, topping out at $6,842,983.00 and the cheapest home in Chatham, IL, clocking in at $16,589.00. In other words, there’s something for every potential homebuyer or savvy investor in Chatham, IL!

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.

Chatham, IL 62629 Preforeclosure Homes

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