Foreclosure Homes in Lombard, IL 60148

Current Market Conditions in Lombard, IL

The Lombard real estate market is currently flourishing with a mix of both single-family homes and townhouses available. Demand has increased significantly, leading to a competitive environment for buyers. Homes in Lombard are seeing appreciation in value, reflecting the desirability of the area due to its excellent schools and community feel.

Inventory levels have remained stable, but the demand continues to outpace available homes, resulting in quicker sales and often bidding wars. Overall, Lombard's market has become a seller's market, making it an appealing investment for those looking to enter the area or expand their real estate portfolio.

Rent Prices In Lombard, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lombard, IL, is on a rollercoaster ride. The average rent price in Lombard, IL, is $1,879.00. Indeed, when looking to rent in Lombard, IL, you can expect to pay as little as $760.00 or as much as $4,320.00, with the average rent median estimated to be $1,850.00. The good news is that finding an affordable and desirable property to rent in Lombard, 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.