Lee, IL Foreclosures
Current Market Conditions in in Lee, IL As of February 2026?
Over the past month, the real estate market in Lee, IL has exhibited slight upward trends, with home sales seeing a moderate increase as interest rates remained stable. Buyers are actively seeking homes, and listings that are well-priced are moving quickly off the market. The average time on market has shortened, indicating a healthy interest in the area. Tight inventory, however, continues to be a concern, pushing prices slightly higher, particularly for homes that meet modern buyer preferences.
How much do homes sell for in Lee, IL?
The average home price is currently $285,919.
What’s the average rental cost in Lee, IL?
The average rental price in Lee is $1,340.
What is the most expensive home in Lee?
The most expensive home sold in Lee had a price of $1,584,100.
What is currently the cheapest priced home in Lee, IL?
The cheapest home for sale in Lee is priced at $16,481.
Living in Lee, IL
Lee, IL is a charming village ideal for families seeking a peaceful suburban lifestyle. With its friendly community, abundant outdoor activities, and well-rated schools, Lee ensures a quality living experience. The village offers easy access to essential amenities while retaining its small-town charm.
Buyer vs Seller Market in Lee, IL
The real estate market in Lee, IL has shown signs of stability, with an increase in the number of homes sold over the last few months. Buyers are attracted to the area for its affordable housing options and serene environment. With the rising interest in suburban living, more potential buyers are considering Lee as a viable option for their next home.
In recent months, the demand for homes has increased, leading to competitive pricing in certain segments of the market. However, there are still opportunities for first-time home buyers to enter the market with appropriately priced listings.
Home Value Estimator For Lee, IL
There are currently 260 real estate properties
in Lee, IL,
with a median automated valuation model (AVM) price
of $219,550.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lee, 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 Lee, IL,
is $285,919.00, with the most expensive house
in Lee, IL, topping out
at $1,584,100.00 and the cheapest home
in Lee, IL,
clocking in at $16,481.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lee, IL!
Rent Prices
In Lee, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lee, IL, is on
a rollercoaster ride. The
average rent price in Lee, IL,
is $1,340.00. Indeed, when looking to rent in
Lee, IL, you can expect to pay as little
as $730.00 or as much
as $2,490.00,
with the average rent median estimated to
be $1,280.00. The good news is that finding
an affordable and desirable property to rent in Lee, 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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