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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 $474,003.
In New Lenox, IL, how many homes are available?
There are currently 290 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 $17,126.

Living in New Lenox, IL

New Lenox is a vibrant community located in Will County, Illinois, known for its friendly atmosphere and family-oriented lifestyle. The town offers an array of amenities, a robust school system, and access to outdoor recreational activities that make it a desirable place to settle down. With a strong sense of community, New Lenox hosts various events throughout the year that bring residents together.

Current Market Conditions in New Lenox, IL

The real estate market in New Lenox is currently experiencing a competitive climate, with demand exceeding the supply of available homes. This has led to a trend of rising home prices and quicker sales, as families and investors alike seek to take advantage of the area’s attractive lifestyle and amenities.

In recent months, New Lenox has witnessed an uptick in home renovations and new construction, as buyers are willing to invest in properties that meet their unique needs and preferences. Increased interest from young families and retirees is also fueling market growth.

Home Value Estimator For New Lenox, IL

There are currently 13,297 real estate properties in New Lenox, IL, with a median automated valuation model (AVM) price of $423,871.00. 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 $474,003.00, 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 $17,126.00. 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: 290

Market Values:

Home Prices from $17,126 to $137,387,488

Average Sales Price: $474,003

Rental Values:

Rental from $570 to $4,080

Average Rent Value: $1,972 / month

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