Jacob, IL Foreclosures
How much do homes sell for in Jacob, IL?
The average home price is currently $164,772.
In Jacob, IL, how many homes are available?
There are currently 77 active home listings available in Jacob.
What’s the average rental cost in Jacob, IL?
The average rental price in Jacob is $938.
What is the most expensive home in Jacob?
The most expensive home sold in Jacob had a price of $884,378.
What is currently the cheapest priced home in Jacob, IL?
The cheapest home for sale in Jacob is priced at $14,479.
Living in Jacob, IL
Jacob, IL is a small, peaceful village renowned for its friendly community and rural charm. It offers a laid-back lifestyle with access to outdoor activities and ample green spaces. A strong focus on education and local events fosters a wonderful sense of belonging among residents.
Current Market Conditions in Jacob, IL
The real estate market in Jacob has remained stable over the past year, with modest growth observed. Demand for homes in rural areas like Jacob has increased as people seek quieter living conditions away from urban centers. This trend has prompted a number of new listings and increased interest from families and retirees looking for a peaceful place to call home.
As of late 2023, Jacob's housing market is seeing a balance between buyers and sellers. The current inventory is sufficient to meet the needs of prospective buyers, but competition remains due to the area's appeal. Prices have seen a slight uptick, driven by demand, but they remain relatively affordable compared to neighboring towns.
Home Value Estimator For Jacob, IL
There are currently 85 real estate properties
in Jacob, IL,
with a median automated valuation model (AVM) price
of $108,367.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Jacob, 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 Jacob, IL,
is $164,772.00, with the most expensive house
in Jacob, IL, topping out
at $884,378.00 and the cheapest home
in Jacob, IL,
clocking in at $14,479.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Jacob, IL!
Rent Prices
In Jacob, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Jacob, IL, is on
a rollercoaster ride. The
average rent price in Jacob, IL,
is $938.00. Indeed, when looking to rent in
Jacob, IL, you can expect to pay as little
as $600.00 or as much
as $1,670.00,
with the average rent median estimated to
be $930.00. The good news is that finding
an affordable and desirable property to rent in Jacob, 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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