Foreclosure Homes in Lakemoor, IL

Current Market Conditions in Lakemoor, IL

The current real estate market in Lakemoor is quite competitive. Listings are seeing quick turnarounds, with homes typically selling within a month. The area has seen an increase in demand due to its appealing lifestyle and proximity to the Chicago metropolitan area, which continues to drive prices up.

Though the overall market is strong, there has been a notable rise in inventory over the past few months, providing more options for buyers. This, combined with stable interest rates, means that while prices are increasing, buyers are starting to find more affordability in the market.

Rent Prices In Lakemoor, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lakemoor, IL, is on a rollercoaster ride. The average rent price in Lakemoor, IL, is $1,507.00. Indeed, when looking to rent in Lakemoor, IL, you can expect to pay as little as $830.00 or as much as $3,960.00, with the average rent median estimated to be $1,420.00. The good news is that finding an affordable and desirable property to rent in Lakemoor, 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.