Homer, IL Foreclosures
How much do homes sell for in Homer, IL?
The average home price is currently $219,156.
In Homer, IL, how many homes are available?
There are currently 45 active home listings available in Homer.
What’s the average rental cost in Homer, IL?
The average rental price in Homer is $1,363.
What is the most expensive home in Homer?
The most expensive home sold in Homer had a price of $5,498,057.
What is currently the cheapest priced home in Homer, IL?
The cheapest home for sale in Homer is priced at $12,077.
Living in Homer, IL
Homer, Illinois, is a picturesque village that combines suburban tranquility with easy access to the hustle and bustle of urban life. With great schools, numerous parks, and community-focused activities, Homer is an ideal location for families. It boasts a welcoming atmosphere and a variety of amenities that cater to both relaxation and recreation.
Current Market Conditions in Homer, IL
The current real estate market in Homer, IL has seen a steady increase in demand over the last few months. Homes are selling at a quicker pace, with many listings receiving multiple offers. The average prices have risen slightly, attributed to the appealing lifestyle the area offers, combined with its proximity to larger cities.
Buyers are drawn to Homer for its excellent school district and family-friendly environment. As families continue to move to suburbia in search of greener spaces, the growth in the housing market reflects this trend, creating a competitive atmosphere for home seekers.
Home Value Estimator For Homer, IL
There are currently 831 real estate properties
in Homer, IL,
with a median automated valuation model (AVM) price
of $168,495.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Homer, 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 Homer, IL,
is $219,156.00, with the most expensive house
in Homer, IL, topping out
at $5,498,057.00 and the cheapest home
in Homer, IL,
clocking in at $12,077.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Homer, IL!
Rent Prices
In Homer, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Homer, IL, is on
a rollercoaster ride. The
average rent price in Homer, IL,
is $1,363.00. Indeed, when looking to rent in
Homer, IL, you can expect to pay as little
as $570.00 or as much
as $3,160.00,
with the average rent median estimated to
be $1,260.00. The good news is that finding
an affordable and desirable property to rent in Homer, 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
