Homer, IL Foreclosures
How much do homes sell for in Homer, IL?
The average home price is currently $209,434.
In Homer, IL, how many homes are available?
There are currently 47 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 $5,527,861.
What is currently the cheapest priced home in Homer, IL?
The cheapest home for sale in Homer is priced at $12,142.
Living in Homer, IL
Homer, IL is a peaceful suburb located just a short drive from Chicago. The area combines a friendly small-town feel with easy access to big-city amenities, making it perfect for families and young professionals. With its top-rated schools and abundant parks, Homer offers a high quality of life for its residents.
Current Market Conditions in Homer, IL
The real estate market in Homer, IL has seen steady growth this past year, driven by increasing demand for family homes and a desirable suburban lifestyle. As more people seek refuge from urban congestion and high costs, Homer emerges as an attractive option with reasonably priced homes in a family-friendly environment.
Housing prices in the area have continued to rise, yet they remain affordable compared to neighboring communities. With a mixture of single-family homes, townhouses, and new developments, buyers have a variety of options that cater to different lifestyles and budgets.
Home Value Estimator For Homer, IL
There are currently 756 real estate properties
in Homer, IL,
with a median automated valuation model (AVM) price
of $167,696.00. 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 $209,434.00, with the most expensive house
in Homer, IL, topping out
at $5,527,861.00 and the cheapest home
in Homer, IL,
clocking in at $12,142.00. 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.
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