Jerome, IL Foreclosures
How much do homes sell for in Jerome, IL?
The average home price is currently $155,970.
In Jerome, IL, how many homes are available?
There are currently 1 active home listings available in Jerome.
What’s the average rental cost in Jerome, IL?
The average rental price in Jerome is $1,069.
What is the most expensive home in Jerome?
The most expensive home sold in Jerome had a price of $1,209,048.
What is currently the cheapest priced home in Jerome, IL?
The cheapest home for sale in Jerome is priced at $10,029.
Living in Jerome, IL
Jerome, IL is a small village near Springfield, offering a covered residential community with a peaceful atmosphere. Families appreciate the local schools, parks, and strong community spirit. With convenient access to Springfield, residents enjoy the best of both worlds: a quiet retreat and urban amenities.
Current Market Conditions in Jerome, IL
The real estate market in Jerome has shown steady growth over the past few months, reflecting a healthy demand for family-friendly homes. Properties are selling relatively quickly, and buyers are increasingly attracted to the area's charm and community spirit. The market is currently favoring sellers due to limited inventory and rising prices, particularly in family-oriented neighborhoods.
In the past year, Jerome has experienced a notable appreciation in property values, with increasing interest from first-time homebuyers and families seeking stable and safe living environments. The trend of moving away from larger urban centers in favor of smaller, more affordable towns has contributed to the uptick in real estate activity in the area.
Home Value Estimator For Jerome, IL
There are currently 787 real estate properties
in Jerome, IL,
with a median automated valuation model (AVM) price
of $145,691.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Jerome, 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 Jerome, IL,
is $155,970.00, with the most expensive house
in Jerome, IL, topping out
at $1,209,048.00 and the cheapest home
in Jerome, IL,
clocking in at $10,029.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Jerome, IL!
Rent Prices
In Jerome, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Jerome, IL, is on
a rollercoaster ride. The
average rent price in Jerome, IL,
is $1,069.00. Indeed, when looking to rent in
Jerome, IL, you can expect to pay as little
as $730.00 or as much
as $1,370.00,
with the average rent median estimated to
be $1,090.00. The good news is that finding
an affordable and desirable property to rent in Jerome, 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.
Learn more on Foreclosure homes
