Lakewood, IL Foreclosures
How much do homes sell for in Lakewood, IL?
The average home price is currently $224,110.
In Lakewood, IL, how many homes are available?
There are currently 1 active home listings available in Lakewood.
What’s the average rental cost in Lakewood, IL?
The average rental price in Lakewood is $1,108.
What is the most expensive home in Lakewood?
The most expensive home sold in Lakewood had a price of $550,607.
What is currently the cheapest priced home in Lakewood, IL?
The cheapest home for sale in Lakewood is priced at $54,856.
Living in Lakewood, IL
Lakewood, Illinois offers a peaceful residential atmosphere, enriched by a strong community spirit and abundant outdoor recreational opportunities. The village is home to excellent educational institutions and is conveniently located near larger urban amenities, making it an attractive place for families. Its scenic beauty and abundance of parks promote a healthy lifestyle in a serene environment.
Current Market Conditions in Lakewood, IL
The real estate market in Lakewood has shown steady growth over the past year, with an increase in both demand and home values. Numerous new developments have attracted buyers looking for spacious homes in a family-friendly community. Potential homeowners can find a variety of properties ranging from charming single-family homes to luxurious estate-style residences, catering to various budgets and preferences.
Currently, the market is competitive, with homes often receiving multiple offers and selling quickly. Buyers are advised to move swiftly when they find a suitable property as inventory levels remain low, driving prices upward.
Home Value Estimator For Lakewood, IL
There are currently 108 real estate properties
in Lakewood, IL,
with a median automated valuation model (AVM) price
of $213,162.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lakewood, 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 Lakewood, IL,
is $224,110.00, with the most expensive house
in Lakewood, IL, topping out
at $550,607.00 and the cheapest home
in Lakewood, IL,
clocking in at $54,856.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lakewood, IL!
Rent Prices
In Lakewood, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lakewood, IL, is on
a rollercoaster ride. The
average rent price in Lakewood, IL,
is $1,108.00. Indeed, when looking to rent in
Lakewood, IL, you can expect to pay as little
as $710.00 or as much
as $1,700.00,
with the average rent median estimated to
be $1,120.00. The good news is that finding
an affordable and desirable property to rent in Lakewood, 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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