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Preforeclosure Homes in Round Lake, IL

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Living in Round Lake, IL

Round Lake, IL is a vibrant community that balances scenic natural beauty with robust local amenities. It boasts excellent recreational opportunities, well-regarded schools, and a welcoming atmosphere ideal for families. The village features a variety of homes, making it an attractive option for potential homeowners.

Current Market Conditions in Round Lake, IL

Real estate in Round Lake is currently experiencing a steady demand, characterized by a low inventory of homes available for sale. This has led to competitive bidding situations, with homes often selling above the listing price. Buyer interest remains strong due to the area's family-friendly environment and amenities.

Home Value Estimator For Round Lake, IL

There are currently 6,577 real estate properties in Round Lake, IL, with a median automated valuation model (AVM) price of $323,172.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Round Lake, 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 Round Lake, IL, is $331,101.00, with the most expensive house in Round Lake, IL, topping out at $5,187,903.00 and the cheapest home in Round Lake, IL, clocking in at $11,084.00. In other words, there’s something for every potential homebuyer or savvy investor in Round Lake, IL!

Rent Prices In Round Lake, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Round Lake, IL, is on a rollercoaster ride. The average rent price in Round Lake, IL, is $1,652.00. Indeed, when looking to rent in Round Lake, IL, you can expect to pay as little as $880.00 or as much as $3,160.00, with the average rent median estimated to be $1,590.00. The good news is that finding an affordable and desirable property to rent in Round Lake, 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.

Round Lake, IL Preforeclosure Homes


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