Newman, IL Foreclosures
How much do homes sell for in Newman, IL?
The average home price is currently $134,911.
In Newman, IL, how many homes are available?
There are currently 2 active home listings available in Newman.
What’s the average rental cost in Newman, IL?
The average rental price in Newman is $1,013.
What is the most expensive home in Newman?
The most expensive home sold in Newman had a price of $524,736.
What is currently the cheapest priced home in Newman, IL?
The cheapest home for sale in Newman is priced at $15,441.
Living in Newman, IL
Newman, Illinois, is a quaint rural community that offers a peaceful lifestyle with a strong sense of local identity. Known for its friendly atmosphere, residents enjoy access to parks, local shops, and schools that foster community engagement. Its proximity to larger cities allows for easy commuting while maintaining the charm of small-town living.
Current Market Conditions in Newman, IL
The current real estate market in Newman is characterized by a stable environment with modest price trends. Homes in the area are typically priced lower than the national average, which attracts both first-time buyers and investors looking for rental properties.
With a limited inventory, homes tend to sell relatively quickly, indicating a healthy demand. The market has seen gradual appreciation over the past few years, making it an appealing location for those seeking both affordability and potential investment growth.
Home Value Estimator For Newman, IL
There are currently 563 real estate properties
in Newman, IL,
with a median automated valuation model (AVM) price
of $112,416.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Newman, 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 Newman, IL,
is $134,911.00, with the most expensive house
in Newman, IL, topping out
at $524,736.00 and the cheapest home
in Newman, IL,
clocking in at $15,441.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Newman, IL!
Rent Prices
In Newman, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Newman, IL, is on
a rollercoaster ride. The
average rent price in Newman, IL,
is $1,013.00. Indeed, when looking to rent in
Newman, IL, you can expect to pay as little
as $560.00 or as much
as $2,030.00,
with the average rent median estimated to
be $990.00. The good news is that finding
an affordable and desirable property to rent in Newman, 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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