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Foreclosure Homes in Hamel, IL 62046

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Hamel, IL Foreclosures

How much do homes sell for in Hamel, IL?
The average home price is currently $273,430.
In Hamel, IL, how many homes are available?
There are currently 6 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 $1,822,348.
What is currently the cheapest priced home in Hamel, IL?
The cheapest home for sale in Hamel is priced at $22,499.

Living in Hamel, IL

Hamel, IL, is a picturesque small town offering a serene lifestyle, excellent schools, and ample recreational opportunities. With its close-knit community and convenient amenities, it is an ideal location for families and retirees. The town’s proximity to larger urban areas further enhances its attractiveness to real estate investors.

Current Market Conditions in Hamel, IL

The real estate market in Hamel is currently experiencing growth, with an increased demand for single-family homes due to the town's appealing rural lifestyle and good local schools. The prices are rising steadily as more individuals and families look to relocate from urban areas seeking a quieter living environment.

Investors may find opportunities in residential properties, as the market shows potential for appreciation in value. With a mix of historic homes and newer developments, there are options suitable for both renovation projects and new developments.

Home Value Estimator For Hamel, IL

There are currently 413 real estate properties in Hamel, IL, with a median automated valuation model (AVM) price of $285,000.00. 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 $273,430.00, with the most expensive house in Hamel, IL, topping out at $1,822,348.00 and the cheapest home in Hamel, IL, clocking in at $22,499.00. 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.

Hamel, IL 62046 Foreclosures

Market Trend for Hamel, IL

Total Listings Available: 6

Market Values:

Home Prices from $22,499 to $1,822,348

Average Sales Price: $273,430

Rental Values:

Rental from $790 to $2,400

Average Rent Value: $1,304 / month

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