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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 $585,075.
In Lemont, IL, how many homes are available?
There are currently 2,971 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 $13,590,299.
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 suburban village that combines the charm of small-town living with the conveniences of metropolitan access. Known for its historic downtown, lovely parks, and strong community spirit, this area offers numerous amenities, quality schools, and various recreational opportunities. Ideal for families, professionals, and retirees alike, Lemont promises a high quality of life in a beautiful setting.

Current Market Conditions in Lemont, IL

The real estate market in Lemont has been experiencing steady growth due to a surge in demand, particularly among families and young professionals seeking a suburban lifestyle close to Chicago. Homes are selling quickly, often above the asking price, showcasing the area's desirability.

Currently, the inventory of homes for sale is limited, which has contributed to the rise in home prices. Buyers need to act fast as properties are being snapped up in a matter of days. The competitive market is also drawing in investors looking for rental opportunities given the area's robust rental demand.

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 $542,961.00. 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 $585,075.00, with the most expensive house in Lemont, IL, topping out at $13,590,299.00 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: 2,971

Market Values:

Home Prices from $23,419 to $13,590,299

Average Sales Price: $585,075

Rental Values:

Rental from $700 to $4,840

Average Rent Value: $2,221 / month

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