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Cheap Homes in Lemont, IL

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Lemont, IL Foreclosures

Current Market Conditions in in Lemont, IL As of February 2026?
In the past month, Lemont's real estate market has remained active, with a slight increase in the median home prices as buyers continue to enter the market. Inventory remains limited, leading to higher demand and quicker sales. Home showings and open houses have seen increased foot traffic as families prepare to move before the school season begins.
How much do homes sell for in Lemont, IL?
The average home price is currently $585,771.
In Lemont, IL, how many homes are available?
There are currently 620 active home listings available in Lemont.
What’s the average rental cost in Lemont, IL?
The average rental price in Lemont is $2,220.
What is the most expensive home in Lemont?
The most expensive home sold in Lemont had a price of $27,244,227.
What is currently the cheapest priced home in Lemont, IL?
The cheapest home for sale in Lemont is priced at $23,419.

Living in Lemont, IL

Lemont, IL is a quaint suburban village known for its family-friendly atmosphere, picturesque parks, and community-driven events. With excellent schools and a variety of local amenities, it’s a great place to call home. Easy access to highways and nearby cities adds to the convenience of living in Lemont.

Buyer vs Seller Market in Lemont, IL

The real estate market in Lemont has experienced steady growth over the past year, with increased demand for homes due to its desirable location near Chicago and top-tier schools. Listings in Lemont have shown a trend of appreciation as buyers recognize the value of investing in this community.

Recently, there has been a noticeable uptick in buyer interest, particularly among families seeking spacious homes with access to good schools. The average days on the market have decreased slightly, indicating a competitive edge for sellers.

Home Value Estimator For Lemont, IL

There are currently 9,575 real estate properties in Lemont, IL, with a median automated valuation model (AVM) price of $547,266.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lemont, 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 Lemont, IL, is $585,771.00, with the most expensive house in Lemont, IL, topping out at $27,244,227.00 and the cheapest home in Lemont, IL, clocking in at $23,419.00. In other words, there’s something for every potential homebuyer or savvy investor in Lemont, IL!

Rent Prices In Lemont, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lemont, IL, is on a rollercoaster ride. The average rent price in Lemont, IL, is $2,220.00. Indeed, when looking to rent in Lemont, IL, you can expect to pay as little as $700.00 or as much as $4,840.00, with the average rent median estimated to be $2,310.00. The good news is that finding an affordable and desirable property to rent in Lemont, 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.

Cheap Homes in Lemont, IL

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