Nebo, IL Foreclosures
How much do homes sell for in Nebo, IL?
The average home price is currently $173,717.
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 $843,325.
What is currently the cheapest priced home in Nebo, IL?
The cheapest home for sale in Nebo is priced at $10,131.
Living in Nebo, IL
Nebo, IL is a peaceful rural community that embodies the charm of small-town living. Surrounded by beautiful landscapes and a close-knit community, it offers residents a tranquil lifestyle with access to outdoor activities. It's the ideal location for those looking to escape the hustle and bustle while still being within reach of urban amenities.
Current Market Conditions in Nebo, IL
The real estate market in Nebo is currently experiencing a steady demand for homes, driven primarily by buyers looking for affordable housing options in a serene setting. The number of available listings has remained consistent, while buyers are increasingly interested in properties that offer larger lots and rural characteristics.
With interest rates fluctuating, many potential homeowners are actively seeking properties, leading to competitive bids on well-priced homes, particularly those that are ready to move in. As Nebo continues to draw interest from families and retirees alike, property values are anticipated to experience gradual appreciation.
Home Value Estimator For Nebo, IL
There are currently 310 real estate properties
in Nebo, IL,
with a median automated valuation model (AVM) price
of $120,196.00. 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 $173,717.00, with the most expensive house
in Nebo, IL, topping out
at $843,325.00 and the cheapest home
in Nebo, IL,
clocking in at $10,131.00. 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.
Learn more on Foreclosure homes
