Nebo, IL Foreclosures
How much do homes sell for in Nebo, IL?
The average home price is currently $109,293.
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 $565,968.
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, Illinois, is a quaint rural community known for its serene landscapes and friendly atmosphere. It offers a slower pace of life while still enjoying access to outdoor activities and local amenities, making it ideal for families and retirees looking for peace and quiet.
Current Market Conditions in Nebo, IL
The real estate market in Nebo shows a steady balance between supply and demand, making it an appealing choice for buyers seeking affordable homes. Prices have remained stable, with a slight increase in interest over the past year as more people seek out rural living options.
Recently, new listings have been attracting attention, with first-time homebuyers looking for value. Investors are also paying close attention to this area due to the affordability and community appeal.
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 $77,109.00. 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 $109,293.00, with the most expensive house
in Nebo, IL, topping out
at $565,968.00 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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