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Foreclosure Homes in New Lenox, IL 60451

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New Lenox, IL Foreclosures

How much do homes sell for in New Lenox, IL?
The average home price is currently $477,226.
In New Lenox, IL, how many homes are available?
There are currently 292 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, located in Will County, Illinois, is a charming suburb known for its family-friendly atmosphere, excellent schools, and a variety of recreational opportunities. The town offers a range of housing options, from single-family homes to townhouses, making it an attractive place for both first-time buyers and those looking to settle down. With a strong sense of community and regular local events, residents enjoy a high quality of life while still being within close proximity to the amenities of Chicago.

Current Market Conditions in New Lenox, IL

New Lenox's real estate market is characterized by a steady demand for housing, with a mix of single-family homes and newer developments. The area has seen consistent appreciation in home values, reflecting its desirability as a suburban community close to Chicago.

In recent months, inventory levels have been relatively low, leading to competitive bidding situations for many listings. Buyers are increasingly attracted to New Lenox for its excellent schools, parks, and overall quality of life, resulting in an active market.

Home Value Estimator For New Lenox, IL

There are currently 13,518 real estate properties in New Lenox, IL, with a median automated valuation model (AVM) price of $427,788.00. 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 $477,226.00, 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 60451 Foreclosures

Market Trend for New Lenox, IL

Total Listings Available: 292

Market Values:

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

Average Sales Price: $477,226

Rental Values:

Rental from $570 to $4,080

Average Rent Value: $1,972 / month

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