Romeoville, IL Foreclosures
How much do homes sell for in Romeoville, IL?
The average home price is currently $459,422.
In Romeoville, IL, how many homes are available?
There are currently 565 active home listings available in Romeoville.
What’s the average rental cost in Romeoville, IL?
The average rental price in Romeoville is $1,842.
What is the most expensive home in Romeoville?
The most expensive home sold in Romeoville had a price of $140,686,624.
What is currently the cheapest priced home in Romeoville, IL?
The cheapest home for sale in Romeoville is priced at $18,364.
Living in Romeoville, IL
Romeoville, Illinois is a vibrant and family-friendly suburb located just southwest of Chicago. With its convenient access to major highways and public transportation, it offers an ideal balance of suburban peace and urban accessibility. The community features numerous parks, recreational facilities, and a strong emphasis on education, making it an attractive place for families and young professionals alike.
Current Market Conditions in Romeoville, IL
The real estate market in Romeoville is currently strong, with a mix of single-family homes, townhomes, and condos available. Demand is high due to the area’s growing popularity among families and commuters, driven by its proximity to major transportation routes and amenities. As a result, home prices are experiencing a steady increase, making it a competitive market.
In recent months, the market has seen an uptick in bidding wars for desirable properties, which reflects the growing demand and limited inventory in the area. This trend is expected to continue with more homebuyers looking for affordable options within commuting distance to Chicago.
Home Value Estimator For Romeoville, IL
There are currently 12,578 real estate properties
in Romeoville, IL,
with a median automated valuation model (AVM) price
of $307,127.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Romeoville, 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 Romeoville, IL,
is $459,422.00, with the most expensive house
in Romeoville, IL, topping out
at $140,686,624.00 and the cheapest home
in Romeoville, IL,
clocking in at $18,364.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Romeoville, IL!
Rent Prices
In Romeoville, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Romeoville, IL, is on
a rollercoaster ride. The
average rent price in Romeoville, IL,
is $1,842.00. Indeed, when looking to rent in
Romeoville, IL, you can expect to pay as little
as $810.00 or as much
as $4,480.00,
with the average rent median estimated to
be $1,870.00. The good news is that finding
an affordable and desirable property to rent in Romeoville, 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.
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