Hamburg, IL Foreclosures
How much do homes sell for in Hamburg, IL?
The average home price is currently $201,422.
In Hamburg, IL, how many homes are available?
There are currently 3 active home listings available in Hamburg.
What’s the average rental cost in Hamburg, IL?
The average rental price in Hamburg is $1,191.
What is the most expensive home in Hamburg?
The most expensive home sold in Hamburg had a price of $598,337.
What is currently the cheapest priced home in Hamburg, IL?
The cheapest home for sale in Hamburg is priced at $20,040.
Living in Hamburg, IL
Hamburg, IL, is a charming small town known for its friendly community and beautiful outdoor landscapes. It offers a tranquil lifestyle while still being conveniently located near larger cities. With community events, parks, and local amenities, Hamburg is ideal for families and those looking to escape urban life.
Current Market Conditions in Hamburg, IL
In Hamburg, we are currently witnessing a competitive real estate market, characterized by limited inventory and increased buyer demand. Homes are selling at a faster pace compared to previous years, with many listings receiving multiple offers. The price trend is on the rise, indicating a healthy market for sellers while presenting opportunities for buyers willing to act quickly.
Real estate trends are suggesting a steady growth pattern in Hamburg, with potential for future appreciation due to its desirable location and community growth. Houses in the area remain attractive to both first-time homebuyers and those looking for investment opportunities, particularly in the suburban landscape.
Home Value Estimator For Hamburg, IL
There are currently 130 real estate properties
in Hamburg, IL,
with a median automated valuation model (AVM) price
of $169,188.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Hamburg, 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 Hamburg, IL,
is $201,422.00, with the most expensive house
in Hamburg, IL, topping out
at $598,337.00 and the cheapest home
in Hamburg, IL,
clocking in at $20,040.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Hamburg, IL!
Rent Prices
In Hamburg, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Hamburg, IL, is on
a rollercoaster ride. The
average rent price in Hamburg, IL,
is $1,191.00. Indeed, when looking to rent in
Hamburg, IL, you can expect to pay as little
as $940.00 or as much
as $1,690.00,
with the average rent median estimated to
be $1,220.00. The good news is that finding
an affordable and desirable property to rent in Hamburg, 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
