Hamel, IL Foreclosures
Current Market Conditions in in Hamel, IL As of February 2026?
In the past month, the Hamel real estate market has shown signs of increased buyer activity, with several homes receiving multiple offers. The average days on the market have decreased slightly, suggesting that buyers are keen on securing homes before the winter months. This uptick may be a response to upcoming seasonal changes and could indicate a stronger competition in the market shortly.
How much do homes sell for in Hamel, IL?
The average home price is currently $304,822.
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 $5,537,381.
What is currently the cheapest priced home in Hamel, IL?
The cheapest home for sale in Hamel is priced at $17,686.
Living in Hamel, IL
Hamel, Illinois is a charming rural town that boasts a close-knit community, low crime rates, and beautiful outdoor spaces. Its peaceful ambiance and friendly atmosphere make it a perfect location for families and individuals seeking a quieter lifestyle. Enjoy various community events and ample opportunities for outdoor recreation.
Buyer vs Seller Market in Hamel, IL
The real estate market in Hamel is currently stable, with a moderate demand for homes. Prices typically range from affordable starter homes to larger family residences, making it accessible for a wide variety of buyers. The area is experiencing a slight increase in demand as more individuals seek quieter, rural living away from urban centers.
In recent months, home values in Hamel have remained steady, with a slight uptick in sale prices compared to the previous year. This trend indicates a growing interest in the area, likely fueled by those looking for more spacious housing options and a close community vibe.
Home Value Estimator For Hamel, IL
There are currently 424 real estate properties
in Hamel, IL,
with a median automated valuation model (AVM) price
of $293,252.00. 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 $304,822.00, with the most expensive house
in Hamel, IL, topping out
at $5,537,381.00 and the cheapest home
in Hamel, IL,
clocking in at $17,686.00. 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.
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