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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 $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, IL is a vibrant suburb located just south of Chicago, known for its excellent schools, inviting parks, and a strong community spirit. Residents enjoy an array of recreational facilities and local events, making it ideal for families and active lifestyles. The area combines suburban charm with convenient access to urban amenities and transportation.

Current Market Conditions in New Lenox, IL

The New Lenox real estate market remains robust, with a steady demand for family-sized homes and new developments. Current trends show a balanced market with inventory levels gradually increasing, allowing buyers more choices without overwhelming competition.

Recent data indicates that home values in New Lenox have shown consistent growth over the past several years, making it an attractive investment area. With proximity to major highways and the Chicago metropolitan area, the demand remains strong, appealing to commuters and families moving to the suburbs.

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 60451 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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