Lomax, IL Foreclosures
How much do homes sell for in Lomax, IL?
The average home price is currently $156,833.
In Lomax, IL, how many homes are available?
There are currently 7 active home listings available in Lomax.
What’s the average rental cost in Lomax, IL?
The average rental price in Lomax is $1,032.
What is the most expensive home in Lomax?
The most expensive home sold in Lomax had a price of $644,699.
What is currently the cheapest priced home in Lomax, IL?
The cheapest home for sale in Lomax is priced at $19,372.
Living in Lomax, IL
Lomax, IL is a small and inviting rural community known for its peaceful lifestyle and strong sense of community. Surrounding by beautiful countryside, it provides residents with numerous outdoor activities and a rich agricultural heritage. With access to local schools and close proximity to larger urban centers, Lomax presents a perfect blend of tranquility and convenient living.
Current Market Conditions in Lomax, IL
The real estate market in Lomax is currently stable, with a slight increase in home prices due to limited inventory. It is considered a buyer’s market as potential homeowners can find reasonably priced properties in the area. Over the past year, there has been an uptick in buyers looking for quiet country living, spurring interest in Lomax.
Recent trends indicate a growing appreciation for small-town living, as many urban dwellers are seeking more space and affordability in suburban or rural areas. Lomax’s affordability and appealing lifestyle have generated some interest, leading to a steady flow of new residents, particularly families and retirees.
Home Value Estimator For Lomax, IL
There are currently 224 real estate properties
in Lomax, IL,
with a median automated valuation model (AVM) price
of $110,536.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lomax, 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 Lomax, IL,
is $156,833.00, with the most expensive house
in Lomax, IL, topping out
at $644,699.00 and the cheapest home
in Lomax, IL,
clocking in at $19,372.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lomax, IL!
Rent Prices
In Lomax, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lomax, IL, is on
a rollercoaster ride. The
average rent price in Lomax, IL,
is $1,032.00. Indeed, when looking to rent in
Lomax, IL, you can expect to pay as little
as $590.00 or as much
as $1,590.00,
with the average rent median estimated to
be $1,050.00. The good news is that finding
an affordable and desirable property to rent in Lomax, 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
