Hammond, IN Foreclosures
How much do homes sell for in Hammond, IN?
The average home price is currently $188,288.
In Hammond, IN, how many homes are available?
There are currently 447 active home listings available in Hammond.
What’s the average rental cost in Hammond, IN?
The average rental price in Hammond is $1,091.
What is the most expensive home in Hammond?
The most expensive home sold in Hammond had a price of $3,249,480.
What is currently the cheapest priced home in Hammond, IN?
The cheapest home for sale in Hammond is priced at $11,327.
Living in Hammond, IN
Hammond, IN, is a vibrant city offering individuals and families a mix of urban convenience and suburban comfort. With a rich cultural scene, excellent public transportation, and numerous recreational opportunities, Hammond is an attractive locale for homebuyers. Its close proximity to Chicago expands job opportunities and entertainment options for residents.
Current Market Conditions in Hammond, IN
The real estate market in Hammond, IN, has seen steady growth over the last year, with increasing home values and sales. The community has attracted many first-time homebuyers due to its affordability compared to adjacent areas. There's a growing interest in homes, particularly among those seeking to benefit from the suburban charm while remaining close to Chicago's job market.
As of late 2023, Hammond's real estate market is characterized by a balanced inventory of homes, with more buyers entering the market as economic conditions improve. The demand for properties in this city continues to rise, driven by factors such as lower taxes, proximity to the city, and community amenities that appeal to a diverse demographic.
Home Value Estimator For Hammond, IN
There are currently 20,885 real estate properties
in Hammond, IN,
with a median automated valuation model (AVM) price
of $187,077.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Hammond, IN, 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 Hammond, IN,
is $188,288.00, with the most expensive house
in Hammond, IN, topping out
at $3,249,480.00 and the cheapest home
in Hammond, IN,
clocking in at $11,327.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Hammond, IN!
Rent Prices
In Hammond, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Hammond, IN, is on
a rollercoaster ride. The
average rent price in Hammond, IN,
is $1,091.00. Indeed, when looking to rent in
Hammond, IN, you can expect to pay as little
as $540.00 or as much
as $2,720.00,
with the average rent median estimated to
be $1,090.00. The good news is that finding
an affordable and desirable property to rent in Hammond, IN
-- 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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