Ruma, IL Foreclosures
How much do homes sell for in Ruma, IL?
The average home price is currently $196,973.
What’s the average rental cost in Ruma, IL?
The average rental price in Ruma is $1,189.
What is the most expensive home in Ruma?
The most expensive home sold in Ruma had a price of $735,000.
What is currently the cheapest priced home in Ruma, IL?
The cheapest home for sale in Ruma is priced at $22,140.
Living in Ruma, IL
Ruma, IL is a quaint community that offers a peaceful suburban lifestyle complemented by local amenities and beautiful outdoor spaces. Known for its strong sense of community, Ruma is a family-friendly town with easy access to larger cities nearby for additional shopping and entertainment. Residents appreciate the low cost of living and the welcoming atmosphere.
Current Market Conditions in Ruma, IL
Ruma's real estate market is experiencing steady growth, with an increasing number of families moving to the area for its affordability and quality of life. The demand for homes has been consistent, leading to a competitive market that favors sellers. Real estate prices have seen moderate increases over the past year, reflecting the town's appeal among newcomers.
Properties in Ruma maintain a solid value, often attracting buyers looking for first homes, as well as retirees seeking a quieter lifestyle. The market remains healthy, showing promise for continued appreciation.
Home Value Estimator For Ruma, IL
There are currently 155 real estate properties
in Ruma, IL,
with a median automated valuation model (AVM) price
of $170,255.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Ruma, 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 Ruma, IL,
is $196,973.00, with the most expensive house
in Ruma, IL, topping out
at $735,000.00 and the cheapest home
in Ruma, IL,
clocking in at $22,140.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Ruma, IL!
Rent Prices
In Ruma, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Ruma, IL, is on
a rollercoaster ride. The
average rent price in Ruma, IL,
is $1,189.00. Indeed, when looking to rent in
Ruma, IL, you can expect to pay as little
as $720.00 or as much
as $1,760.00,
with the average rent median estimated to
be $1,210.00. The good news is that finding
an affordable and desirable property to rent in Ruma, 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
