Hamel, IL Foreclosures
How much do homes sell for in Hamel, IL?
The average home price is currently $288,591.
In Hamel, IL, how many homes are available?
There are currently 1 active home listings available in Hamel.
What’s the average rental cost in Hamel, IL?
The average rental price in Hamel is $1,304.
What is the most expensive home in Hamel?
The most expensive home sold in Hamel had a price of $1,937,151.
What is currently the cheapest priced home in Hamel, IL?
The cheapest home for sale in Hamel is priced at $23,988.
Living in Hamel, IL
Hamel, IL is a charming small town that perfectly combines rural living with suburban amenities. Known for its tight-knit community and access to outdoor recreational activities, it’s an ideal place for families and retirees. The town’s close proximity to larger cities allows residents to enjoy a peaceful lifestyle without sacrificing convenience.
Current Market Conditions in Hamel, IL
The real estate market in Hamel is currently characterized by steady demand and a limited inventory of homes, leading to competitive conditions for buyers. Home prices have shown a moderate increase over the past few months as more families seek the benefits of small-town living.
As interest rates rise, some buyers may feel pressure to act quickly, contributing to a tight market. However, the overall atmosphere remains positive, with many homes still being sold within a reasonable timeframe.
The trend indicates that while prices are increasing, the growth remains manageable, suggesting a sustainable market for both buyers and sellers.
Home Value Estimator For Hamel, IL
There are currently 415 real estate properties
in Hamel, IL,
with a median automated valuation model (AVM) price
of $288,023.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Hamel, 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 Hamel, IL,
is $288,591.00, with the most expensive house
in Hamel, IL, topping out
at $1,937,151.00 and the cheapest home
in Hamel, IL,
clocking in at $23,988.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Hamel, IL!
Rent Prices
In Hamel, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Hamel, IL, is on
a rollercoaster ride. The
average rent price in Hamel, IL,
is $1,304.00. Indeed, when looking to rent in
Hamel, IL, you can expect to pay as little
as $790.00 or as much
as $2,400.00,
with the average rent median estimated to
be $1,300.00. The good news is that finding
an affordable and desirable property to rent in Hamel, 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
