Real Estate Market Update for Lemont, IL

Video: Real Estate Community Tour for Lemont, IL

See Real estate community tour for Lemont, IL
Welcome to October's Market Update. Lets take a look at residential real-estate activity in your area during the month of September. The number of active listings was down 27% from one year earlier, and down 5% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 480-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 18%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 330-thousand dollars. The number of units sold decreased 12% year-over-year, and increased 4% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Lemont, IL
Area Information for Lemont, IL
  • Population: 16,738
  • Median Age: 43.76 yr
  • Median Commute Time: 32 mins
  • Educational Climate*: 4
  • Sales Tax: 9%
  • Population Density: 2,114/sq mi
  • Population Change Since 2000: 21.67%
  • Closest Airport: Chicago Midway International
  • Closest College: Lewis University
  • Closest Jr. College: Moraine Valley Community College
  • Median Household Income: $86,416
  • Annual Residential Turnover: 8%
  • Median Home Sales Price: $345,000
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 23.3%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Lemont, IL
Median Age: 43.76 Married: 50% Number of Households: 5,975 Households with Children: 1,977
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Lemont, IL

      School Name Distance Type Grades School Rating Parent Rating
      Lemont Twp High School 0.4 mi Public 9-12 5 4
      Ss Cyril & Methodius School 0.4 mi Catholic PRESCHOOL-8 0 0
      Timberline Knolls Academy 0.8 mi Private 8-12 0 0
      Oakwood School 1.0 mi Public PRESCHOOL-2 0 0
      River Valley School 1.2 mi Public 3-5 4 0
      Maironis Lithuanian School 1.3 mi Private PRESCHOOL-10 0 0
      Old Quarry Middle School 1.4 mi Public 6-8 4 4
      Kindercare Learning Center - Lemont 2.0 mi Private PRESCHOOL-PRESCHOOL 0 0
      Lhtbm School Of The Saints 2.2 mi Private PRESCHOOL-12 0 0
      Montessori Elementary School Of Southwest Cook Cty 2.5 mi Private PRESCHOOL-8 0 0
      St Alphonsus/st Patrick School 2.7 mi Catholic PRESCHOOL-8 0 0
      Everest Academy Lemont 3.5 mi Private PRESCHOOL-8 0 0
      Kindercare Learning Center - Weber Road 6.5 mi Private PRESCHOOL-K 0 0
      Pioneer Elementary School 7.0 mi Public K-5 3 0
      Wayne Builta Elementary School 8.1 mi Public K-5 5 0
      Liberty Elementary School 8.6 mi Public K-5 4 3
      Lil Miracles Childrens Center 8.9 mi Private PRESCHOOL-4 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for Lemont, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.