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Condo Foreclosures in Lemont, IL

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Lemont, IL Foreclosures

How much do homes sell for in Lemont, IL?
The average home price is currently $584,796.
In Lemont, IL, how many homes are available?
There are currently 2,975 active home listings available in Lemont.
What’s the average rental cost in Lemont, IL?
The average rental price in Lemont is $2,221.
What is the most expensive home in Lemont?
The most expensive home sold in Lemont had a price of $13,542,561.
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 picturesque village known for its vibrant community and rich history. It features top-notch schools, beautiful parks, and a charming downtown area filled with shops and restaurants. With its proximity to Chicago, Lemont offers the best of both suburban tranquility and urban excitement.

Current Market Conditions in Lemont, IL

Lemont's real estate market has been stable, with a consistent demand for family homes due to the high quality of life and excellent school system. The market has seen a healthy mix of new developments and existing homes, appealing to a wide range of buyers from first-time owners to those looking for upscale properties.

The area has experienced a gradual increase in home values, driven by its desirability among commuters and families. There is an increasing trend of home renovations and expansions as residents choose to invest in their current properties.

Home Value Estimator For Lemont, IL

There are currently 9,281 real estate properties in Lemont, IL, with a median automated valuation model (AVM) price of $546,540.00. 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 $584,796.00, with the most expensive house in Lemont, IL, topping out at $13,542,561.00 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 $2,221.00. 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.

Lemont, IL Condos


Market Trend for Lemont, IL

Total Listings Available: 2,975

Market Values:

Home Prices from $23,419 to $13,542,561

Average Sales Price: $584,796

Rental Values:

Rental from $700 to $4,840

Average Rent Value: $2,221 / month

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