Condo Foreclosures in Lee, IL

Current Market Conditions in Lee, IL

The real estate market in Lee, IL is currently stable, with moderate demand for both single-family homes and land. Prices remain affordable compared to larger urban areas, making it a favored choice for first-time homebuyers and those looking to retire in a quieter setting.

In recent months, there has been a slight uptick in interest due to the ongoing trend of remote work, where more individuals seek homes in less densely populated areas. This has lead to an increase in home renovations and improvements by current residents.

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.