Chatham, IL Foreclosures
How much do homes sell for in Chatham, IL?
The average home price is currently $302,736.
In Chatham, IL, how many homes are available?
There are currently 8 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 $6,916,212.
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, Illinois is a quaint village located just south of Springfield in Sangamon County. It is known for its excellent schools, friendly community, and family-oriented suburban lifestyle. With a variety of parks and recreational activities, Chatham provides a peaceful escape while still being easily accessible to larger city amenities.
Current Market Conditions in Chatham, IL
Chatham's real estate market remains competitive, with prices showing a steady increase over the past year. Homes here typically sell relatively quickly, often receiving multiple offers, indicating a strong demand for the suburban lifestyle it provides.
Potential buyers are drawn to Chatham for its quality schools and community features, which positively impact home values. As the area continues to grow, the market is expected to remain robust, especially as more families relocate to suburban areas.
However, potential trends to watch include new developments and housing projects that may be in the pipeline, potentially increasing supply and affecting market dynamics.
Home Value Estimator For Chatham, IL
There are currently 5,379 real estate properties
in Chatham, IL,
with a median automated valuation model (AVM) price
of $287,863.00. 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 $302,736.00, with the most expensive house
in Chatham, IL, topping out
at $6,916,212.00 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.
Learn more on Foreclosure homes
