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Foreclosure Homes in New Lenox, IL

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New Lenox, IL Foreclosures

How much do homes sell for in New Lenox, IL?
The average home price is currently $450,291.
In New Lenox, IL, how many homes are available?
There are currently 298 active home listings available in New Lenox.
What’s the average rental cost in New Lenox, IL?
The average rental price in New Lenox is $1,972.
What is the most expensive home in New Lenox?
The most expensive home sold in New Lenox had a price of $137,387,488.
What is currently the cheapest priced home in New Lenox, IL?
The cheapest home for sale in New Lenox is priced at $13,393.

Living in New Lenox, IL

New Lenox, IL, is a thriving suburban community known for its excellent schools and family-friendly environment. With a variety of amenities, parks, and a charming downtown area, residents here enjoy a high quality of life and strong community ties. The convenient proximity to Chicago offers urban access while maintaining a peaceful suburban lifestyle.

Current Market Conditions in New Lenox, IL

The current real estate market in New Lenox is showing a steady increase in home values, driven by the area's popularity among families and professionals seeking a suburban lifestyle. With a mix of single-family homes and new developments emerging, there is a healthy demand for housing in the region.

Trends indicate a growing interest from investors looking to capitalize on rental properties, as the rental market remains competitive due to the area's desirable location and school districts. The limited inventory has also contributed to a seller's market, with homes frequently receiving multiple offers.

Home Value Estimator For New Lenox, IL

There are currently 13,288 real estate properties in New Lenox, IL, with a median automated valuation model (AVM) price of $403,369.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in New Lenox, 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 New Lenox, IL, is $450,291.00, with the most expensive house in New Lenox, IL, topping out at $137,387,488.00 and the cheapest home in New Lenox, IL, clocking in at $13,393.00. In other words, there’s something for every potential homebuyer or savvy investor in New Lenox, IL!

Rent Prices In New Lenox, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in New Lenox, IL, is on a rollercoaster ride. The average rent price in New Lenox, IL, is $1,972.00. Indeed, when looking to rent in New Lenox, IL, you can expect to pay as little as $570.00 or as much as $4,080.00, with the average rent median estimated to be $1,960.00. The good news is that finding an affordable and desirable property to rent in New Lenox, 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.

New Lenox, IL Foreclosures

Market Trend for New Lenox, IL

Total Listings Available: 298

Market Values:

Home Prices from $13,393 to $137,387,488

Average Sales Price: $450,291

Rental Values:

Rental from $570 to $4,080

Average Rent Value: $1,972 / month

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