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Condo Foreclosures 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 February 2026?
Over the last month, Round Lake Park has experienced a moderate uptick in home sales, as more buyers are entering the market. There has been a marked increase in the closure of homes priced between $250,000 and $350,000, which is appealing to first-time home buyers. Inventory levels remain healthy, with new listings consistently entering the market, giving prospective buyers a range of options to choose from. The average days on market have shortened slightly, indicating a competitive atmosphere among listings. The overall market sentiment is optimistic as community engagement continues to rise, impacting home values positively.
How much do homes sell for in Round Lake Park, IL?
The average home price is currently $235,540.
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 $5,197,232.
What is currently the cheapest priced home in Round Lake Park, IL?
The cheapest home for sale in Round Lake Park is priced at $10,164.

Living in Round Lake Park, IL

Round Lake Park, IL, is a vibrant and family-friendly village located in Lake County. With its beautiful parks, recreational activities, and a welcoming community atmosphere, it’s an ideal place for families to thrive. The area offers excellent educational opportunities and convenient access to shopping and amenities.

Buyer vs Seller Market in Round Lake Park, IL

Currently, Round Lake Park's real estate market is favorable for buyers, with various housing options available at differing price points. The community has seen a steady influx of new residents, resulting in a slight increase in demand, although prices remain relatively stable due to the supply of homes available.

In recent months, there has been a noticeable increase in home renovations and property improvements in Round Lake Park, reflecting a strong community investment in homes and the overall area.

Home Value Estimator For Round Lake Park, IL

There are currently 1,611 real estate properties in Round Lake Park, IL, with a median automated valuation model (AVM) price of $221,668.00. 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 $235,540.00, with the most expensive house in Round Lake Park, IL, topping out at $5,197,232.00 and the cheapest home in Round Lake Park, IL, clocking in at $10,164.00. 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 Condos

Market Trend for Round Lake Park, IL

Total Listings Available: 0

Market Values:

Home Prices from $10,164 to $5,197,232

Average Sales Price: $235,540

Rental Values:

Rental from $860 to $2,620

Average Rent Value: $1,410 / month

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