City-owned Homes And Land in Romeoville, IL 60446

Current Market Conditions in Romeoville, IL

The current real estate market in Romeoville, IL, continues to show resilience. The demand for homes has remained robust, driven by the village's attractiveness as a suburban location close to Chicago. An influx of new families seeking spacious homes has kept home prices steady in the moderate range, with houses still moving quickly off the market due to limited inventory.

In the past year, Romeoville's property values have appreciated, largely supported by its strategic location near transportation lines and a growing commercial sector. This trend has made it a desirable area for both homebuyers and real estate investors.

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.