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Foreclosure Homes in Round Lake Park, IL

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Round Lake Park, IL Foreclosures

Current Market Conditions in in Round Lake Park, IL As of April 2026?
Over the past month, the Round Lake Park real estate market has seen a slight uptick in home prices due to an increase in buyer interest. Homes that were sitting longer on the market have begun to move, signaling renewed confidence among buyers regarding the local economy. The average days on the market have decreased, and listings are receiving multiple offers, illustrating a transition towards a more balanced market for sellers.
How much do homes sell for in Round Lake Park, IL?
The average home price is currently $236,820.
In Round Lake Park, IL, how many homes are available?
There are currently 85 active home listings available in Round Lake Park.
What’s the average rental cost in Round Lake Park, IL?
The average rental price in Round Lake Park is $1,410.
What is the most expensive home in Round Lake Park?
The most expensive home sold in Round Lake Park had a price of $5,125,452.
What is currently the cheapest priced home in Round Lake Park, IL?
The cheapest home for sale in Round Lake Park is priced at $10,023.

Living in Round Lake Park, IL

Round Lake Park, located in Lake County, Illinois, is a charming suburban village well-known for its family-friendly atmosphere and vibrant community. The area boasts numerous amenities including parks, schools, and shopping centers, making it an ideal place for families and young professionals alike. The community is distinguished by its convenience to major highways and proximity to scenic Round Lake, offering residents a variety of outdoor activities.

Buyer vs Seller Market in Round Lake Park, IL

The real estate market in Round Lake Park has remained stable, with a variety of home styles from single-family residences to townhomes attracting buyers. The affordable price range compared to surrounding areas makes it a popular choice for first-time homebuyers.

Recent trends indicate a growing demand for homes in Round Lake Park, with an influx of families looking for larger homes with more outdoor space. As a result, many homes are seeing competitive offers.

Home Value Estimator For Round Lake Park, IL

There are currently 1,612 real estate properties in Round Lake Park, IL, with a median automated valuation model (AVM) price of $222,087.00. 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 Park, 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 Park, IL, is $236,820.00, with the most expensive house in Round Lake Park, IL, topping out at $5,125,452.00 and the cheapest home in Round Lake Park, IL, clocking in at $10,023.00. In other words, there’s something for every potential homebuyer or savvy investor in Round Lake Park, IL!

Rent Prices In Round Lake Park, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Round Lake Park, IL, is on a rollercoaster ride. The average rent price in Round Lake Park, IL, is $1,410.00. Indeed, when looking to rent in Round Lake Park, IL, you can expect to pay as little as $860.00 or as much as $2,620.00, with the average rent median estimated to be $1,320.00. The good news is that finding an affordable and desirable property to rent in Round Lake Park, 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 Park, IL Foreclosures

Market Trend for Round Lake Park, IL

Total Listings Available: 85

Market Values:

Home Prices from $10,023 to $5,125,452

Average Sales Price: $236,820

Rental Values:

Rental from $860 to $2,620

Average Rent Value: $1,410 / month

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