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Foreclosure Homes in Round Lake, IL

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Round Lake, IL Foreclosures

Current Market Conditions in in Round Lake, IL As of January 2026?
In the last month, Round Lake has seen a slight increase in home values, driven by a high demand for housing in the Lake County area. Inventory levels have remained relatively stable, but new listings are being snapped up faster than before, leading to a competitive market as buyers seek to secure properties before interest rates rise further.
How much do homes sell for in Round Lake, IL?
The average home price is currently $325,166.
In Round Lake, IL, how many homes are available?
There are currently 620 active home listings available in Round Lake.
What’s the average rental cost in Round Lake, IL?
The average rental price in Round Lake is $1,652.
What is the most expensive home in Round Lake?
The most expensive home sold in Round Lake had a price of $5,147,548.
What is currently the cheapest priced home in Round Lake, IL?
The cheapest home for sale in Round Lake is priced at $10,997.

Living in Round Lake, IL

Round Lake is a charming village in Lake County, Illinois, surrounded by beautiful lakes and parks. It offers a family-friendly environment with a variety of recreational activities and a close-knit community. The area is also conveniently located for easy access to larger cities, providing a balance of suburban and urban living.

Buyer vs Seller Market in Round Lake, IL

Round Lake's real estate market has shown steady growth over the past several years. Families are drawn to the area due to its affordable housing options and strong community presence. Recent trends indicate an increasing number of buyers looking for single-family homes, indicating a healthy market with promising investment opportunities.

Home Value Estimator For Round Lake, IL

There are currently 6,611 real estate properties in Round Lake, IL, with a median automated valuation model (AVM) price of $319,104.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Round Lake, 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 Round Lake, IL, is $325,166.00, with the most expensive house in Round Lake, IL, topping out at $5,147,548.00 and the cheapest home in Round Lake, IL, clocking in at $10,997.00. In other words, there’s something for every potential homebuyer or savvy investor in Round Lake, IL!

Rent Prices In Round Lake, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Round Lake, IL, is on a rollercoaster ride. The average rent price in Round Lake, IL, is $1,652.00. Indeed, when looking to rent in Round Lake, IL, you can expect to pay as little as $880.00 or as much as $3,160.00, with the average rent median estimated to be $1,590.00. The good news is that finding an affordable and desirable property to rent in Round Lake, 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.

Round Lake, IL Foreclosures

Market Trend for Round Lake, IL

Total Listings Available: 620

Market Values:

Home Prices from $10,997 to $5,147,548

Average Sales Price: $325,166

Rental Values:

Rental from $880 to $3,160

Average Rent Value: $1,652 / month

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