Single-family Foreclosures in Chatham, IL 62629

Current Market Conditions in Chatham, IL

The current real estate market in Chatham, IL is characterized by a limited supply of homes, leading to higher demand and increased sales prices. Families are particularly drawn to the area due to its reputable schools and serene living environment, resulting in a competitive buying atmosphere.

Growth trends in Chatham show an influx of families and professionals moving to the area for its quality of life and proximity to Springfield. Home values have steadily appreciated over the past few years, reflecting a strong demand for residential properties.

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.