Hume, IL Foreclosures
How much do homes sell for in Hume, IL?
The average home price is currently $91,949.
In Hume, IL, how many homes are available?
There are currently 28 active home listings available in Hume.
What’s the average rental cost in Hume, IL?
The average rental price in Hume is $852.
What is the most expensive home in Hume?
The most expensive home sold in Hume had a price of $273,783.
What is currently the cheapest priced home in Hume, IL?
The cheapest home for sale in Hume is priced at $34,556.
Living in Hume, IL
Hume, Illinois, is a charming village that offers a peaceful and family-friendly atmosphere perfect for those looking to escape the hustle and bustle of city life. With its scenic countryside and close-knit community, residents enjoy a welcoming lifestyle complemented by quality local schools and accessible outdoor activities. Hume reflects the essence of small-town living with its warmth and simplicity.
Current Market Conditions in Hume, IL
The real estate market in Hume remains stable, with a gradual increase in home prices over the past few years. The demand for properties in this area is driven by its accessibility to larger cities while maintaining a rural charm, appealing to buyers looking for space and tranquility.
Recently, there has been a notable interest in single-family homes, particularly among first-time buyers and those looking to invest in rental properties due to the affordability compared to nearby urban areas. Despite the overall economic challenges in housing, Hume continues to see consistent buyer activity.
Home Value Estimator For Hume, IL
There are currently 206 real estate properties
in Hume, IL,
with a median automated valuation model (AVM) price
of $78,300.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Hume, 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 Hume, IL,
is $91,949.00, with the most expensive house
in Hume, IL, topping out
at $273,783.00 and the cheapest home
in Hume, IL,
clocking in at $34,556.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Hume, IL!
Rent Prices
In Hume, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Hume, IL, is on
a rollercoaster ride. The
average rent price in Hume, IL,
is $852.00. Indeed, when looking to rent in
Hume, IL, you can expect to pay as little
as $580.00 or as much
as $1,430.00,
with the average rent median estimated to
be $790.00. The good news is that finding
an affordable and desirable property to rent in Hume, 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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