Loami, IL Foreclosures
How much do homes sell for in Loami, IL?
The average home price is currently $197,574.
In Loami, IL, how many homes are available?
There are currently 13 active home listings available in Loami.
What’s the average rental cost in Loami, IL?
The average rental price in Loami is $1,117.
What is the most expensive home in Loami?
The most expensive home sold in Loami had a price of $932,548.
What is currently the cheapest priced home in Loami, IL?
The cheapest home for sale in Loami is priced at $12,150.
Living in Loami, IL
Loami, IL is a quaint village located in Sangamon County that boasts a strong sense of community and tranquility. It's perfect for families and individuals seeking a peaceful lifestyle close to nature, while still being just a short drive from the amenities of Springfield. With its charming local parks and community events, Loami offers a unique blend of rural lifestyle and modern conveniences.
Current Market Conditions in Loami, IL
The real estate market in Loami is stable, with homes typically appreciating in value due to the area's desirable living conditions. The village has recently seen an uptick in interest from families moving away from urban areas, which has contributed to an increase in home prices. The overall market remains competitive, with properties often selling quickly due to low inventory.
Current trends indicate a steady demand for single-family homes, particularly among first-time buyers seeking affordable options in a safe, welcoming environment. The small-town charm combined with accessibility to Springfield makes Loami an attractive location for real estate investment.
Home Value Estimator For Loami, IL
There are currently 416 real estate properties
in Loami, IL,
with a median automated valuation model (AVM) price
of $173,386.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Loami, 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 Loami, IL,
is $197,574.00, with the most expensive house
in Loami, IL, topping out
at $932,548.00 and the cheapest home
in Loami, IL,
clocking in at $12,150.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Loami, IL!
Rent Prices
In Loami, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Loami, IL, is on
a rollercoaster ride. The
average rent price in Loami, IL,
is $1,117.00. Indeed, when looking to rent in
Loami, IL, you can expect to pay as little
as $820.00 or as much
as $1,580.00,
with the average rent median estimated to
be $1,100.00. The good news is that finding
an affordable and desirable property to rent in Loami, 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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