Hopewell, IL Foreclosures
Current Market Conditions in in Hopewell, IL As of January 2026?
In the last month, the real estate market in Hopewell, IL has shown signs of a slight uptick in buyer demand. This increase can be attributed to favorable interest rates and the charm of rural living that many homebuyers are seeking. As a result, there have been some bidding wars on homes that are priced well, leading to quicker sales compared to the previous months. Overall, the market remains healthy with steady activity observed in listings.
How much do homes sell for in Hopewell, IL?
The average home price is currently $220,671.
What’s the average rental cost in Hopewell, IL?
The average rental price in Hopewell is $1,506.
What is the most expensive home in Hopewell?
The most expensive home sold in Hopewell had a price of $544,957.
What is currently the cheapest priced home in Hopewell, IL?
The cheapest home for sale in Hopewell is priced at $21,238.
Living in Hopewell, IL
Hopewell, IL is a quaint town nestled by the Illinois River, perfect for those seeking a serene and community-oriented lifestyle. With its beautiful parks, friendly neighbors, and local amenities, it's an inviting place to call home. Its proximity to outdoor activities and essential services makes it ideal for families and retirees alike.
Buyer vs Seller Market in Hopewell, IL
The real estate market in Hopewell is stable, featuring an array of homes that typically range from modest single-family dwellings to larger estates. Over the past few months, housing prices have remained consistent, with a slight increase noted in desirable neighborhoods. This reflects the growing interest in the area as families and retirees seek out quieter living options outside larger urban centers.
There is currently a modest inventory of homes for sale, which creates favorable conditions for buyers, as many properties in Hopewell offer good value for the price. The market remains competitive, particularly for well-maintained homes in sought-after locations.
Home Value Estimator For Hopewell, IL
There are currently 170 real estate properties
in Hopewell, IL,
with a median automated valuation model (AVM) price
of $217,195.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Hopewell, 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 Hopewell, IL,
is $220,671.00, with the most expensive house
in Hopewell, IL, topping out
at $544,957.00 and the cheapest home
in Hopewell, IL,
clocking in at $21,238.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Hopewell, IL!
Rent Prices
In Hopewell, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Hopewell, IL, is on
a rollercoaster ride. The
average rent price in Hopewell, IL,
is $1,506.00. Indeed, when looking to rent in
Hopewell, IL, you can expect to pay as little
as $950.00 or as much
as $2,190.00,
with the average rent median estimated to
be $1,510.00. The good news is that finding
an affordable and desirable property to rent in Hopewell, 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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