Hume, IL Foreclosures
How much do homes sell for in Hume, IL?
The average home price is currently $93,542.
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 $275,868.
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 quaint village nestled in the heart of Edgar County, offering a quiet, rural lifestyle perfect for those seeking tranquility. The area is surrounded by lush farmland and provides essential community facilities. Its close-knit community allows residents to enjoy a peaceful yet active lifestyle with a range of local events and recreational activities.
Current Market Conditions in Hume, IL
The real estate market in Hume has seen consistent growth over recent years, primarily driven by families and individuals seeking affordable homes in rural areas. The demand for homes has increased as more people prioritize space and affordability, making Hume an attractive place for first-time homebuyers and retirees alike.
Current market trends show a slight increase in home prices due to the limited inventory available and rising demand. Homes are currently selling fairly quickly, indicating a competitive market. Many properties are being sold above the asking price, reflecting the desirability of the area.
Home Value Estimator For Hume, IL
There are currently 208 real estate properties
in Hume, IL,
with a median automated valuation model (AVM) price
of $78,333.00. 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 $93,542.00, with the most expensive house
in Hume, IL, topping out
at $275,868.00 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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