Nebo, IL Foreclosures
How much do homes sell for in Nebo, IL?
The average home price is currently $108,627.
In Nebo, IL, how many homes are available?
There are currently 10 active home listings available in Nebo.
What’s the average rental cost in Nebo, IL?
The average rental price in Nebo is $1,113.
What is the most expensive home in Nebo?
The most expensive home sold in Nebo had a price of $500,168.
What is currently the cheapest priced home in Nebo, IL?
The cheapest home for sale in Nebo is priced at $12,820.
Living in Nebo, IL
Nebo is a small, tight-knit community located in western Illinois, known for its serene rural landscapes and friendly atmosphere. It offers a tranquil lifestyle with easy access to outdoor activities like hiking and fishing. Residents enjoy a peaceful, slow-paced life away from the hustle and bustle of the city.
Current Market Conditions in Nebo, IL
The real estate market in Nebo has shown signs of steady growth, driven mainly by demand for affordable housing and the attraction of rural living. As more people seek to move away from crowded urban areas, Nebo presents an attractive option for those looking for low-cost homes in a peaceful setting. Over the past year, the market has seen an increase in home listings as sellers seize the opportunity to capitalize on this trend. Overall, the property values have remained stable, reflecting the area’s appeal to homebuyers.
New construction and renovations are gradually occurring, indicating positive growth projections for the area. Real estate analysts believe that as more individuals discover Nebo's charms, the demand for homes may continue to rise, potentially influencing market conditions favorably for sellers.
Home Value Estimator For Nebo, IL
There are currently 155 real estate properties
in Nebo, IL,
with a median automated valuation model (AVM) price
of $71,527.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Nebo, 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 Nebo, IL,
is $108,627.00, with the most expensive house
in Nebo, IL, topping out
at $500,168.00 and the cheapest home
in Nebo, IL,
clocking in at $12,820.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Nebo, IL!
Rent Prices
In Nebo, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Nebo, IL, is on
a rollercoaster ride. The
average rent price in Nebo, IL,
is $1,113.00. Indeed, when looking to rent in
Nebo, IL, you can expect to pay as little
as $640.00 or as much
as $1,880.00,
with the average rent median estimated to
be $1,080.00. The good news is that finding
an affordable and desirable property to rent in Nebo, 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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