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Preforeclosure Homes in Homewood, IL 60430

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Homewood, IL Foreclosures

How much do homes sell for in Homewood, IL?
The average home price is currently $262,239.
In Homewood, IL, how many homes are available?
There are currently 103 active home listings available in Homewood.
What’s the average rental cost in Homewood, IL?
The average rental price in Homewood is $1,624.
What is the most expensive home in Homewood?
The most expensive home sold in Homewood had a price of $9,301,744.
What is currently the cheapest priced home in Homewood, IL?
The cheapest home for sale in Homewood is priced at $10,053.

Living in Homewood, IL

Homewood, IL is a charming suburban village known for its family-friendly atmosphere and rich community spirit. With excellent school options, beautiful parks, and easy access to Chicago, it appeals to those seeking a balanced lifestyle between suburban comfort and urban excitement. The local dining and shopping scene adds to the vibrant neighborhood feel, making it a desirable place to live.

Current Market Conditions in Homewood, IL

The real estate market in Homewood is currently experiencing a steady demand, with homes often receiving multiple offers. The average sale price is increasing, attracting both first-time buyers and investors interested in suburban properties with good ROI potential.

Homewood's housing market reflects a mix of older homes with character and new constructions aimed at modern families. The low inventory in the area and its well-established community appeal are driving prices upwards.

Home Value Estimator For Homewood, IL

There are currently 8,123 real estate properties in Homewood, IL, with a median automated valuation model (AVM) price of $252,403.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Homewood, 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 Homewood, IL, is $262,239.00, with the most expensive house in Homewood, IL, topping out at $9,301,744.00 and the cheapest home in Homewood, IL, clocking in at $10,053.00. In other words, there’s something for every potential homebuyer or savvy investor in Homewood, IL!

Rent Prices In Homewood, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Homewood, IL, is on a rollercoaster ride. The average rent price in Homewood, IL, is $1,624.00. Indeed, when looking to rent in Homewood, IL, you can expect to pay as little as $800.00 or as much as $3,020.00, with the average rent median estimated to be $1,660.00. The good news is that finding an affordable and desirable property to rent in Homewood, 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.

Homewood, IL 60430 Preforeclosure Homes


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