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Featured local agent — Lemont, IL
Sarah Mitchell
Compass Real Estate · Lemont, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lemont, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$654,625median sale price
How is the Lemont, IL housing market right now?
The median home sale price in Lemont, IL is $654,625, up 26.5% year-over-year. Homes sell in an average of 35 days with 52 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lemont a buyer's or seller's market?
Lemont, IL is currently a balanced market, based on 5.2 months of supply and homes selling in about 35 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
35
Average pace
Active listings
52
5.2 months supply
Sale-to-list
102.6%
Above asking
What does the Lemont housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $654,625 |
| Median list price | $418,250 |
| Year-over-year price change | +26.5% |
| Average days on market | 35 days |
| Active inventory | 52 listings |
| Months of supply | 5.2 months |
| Sale-to-list price ratio | 102.6% |
| Median price per sq ft | $290/sq ft |
| Homes sold (latest month) | 10 |
| New listings (latest month) | 22 |
| Listings with a price cut | 11.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Lemont by property type?
How the Lemont, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $657,500 | $290/sq ft | 8 | 34 days |
| Condo / Co-op | $300,000 | $199/sq ft | 3 | 31 days |
| Townhouse | $587,125 | $281/sq ft | 2 | 143 days |
Source: Redfin · Updated monthly
The Lemont housing market is currently classified as a balanced market with a median sale price of $654,625. Prices have risen 26.5% compared to last year, with homes spending an average of 35 days on market, indicating 5.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.6x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Lemont
There are currently 52 homes listed for sale in Lemont, Illinois. The median listing price is $418K.
Active listings
52
Homes on market
Median list price
$418K
Avg. days on market
35
Days until sale
New this week
22
Newly listed
Who lives in Lemont?
Population
17,643
Median income
$126,100/yr
Median age
43.7 years
Owner-occupied
87.2%
College grads
45.6%
Avg commute
35.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Lemont?
Zillow home value
$579,781
Zillow rent index
$2,453/mo
Price-to-rent ratio
19.7x
Price-to-income
4.6x
Source: Zillow Research
What is it like to live in Lemont?
Lemont is a community of approximately 18K residents with a median age of 43.7 years.The median household income is $126,100, which reflects a relatively affluent area with strong earning potential. 45.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 87.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 35.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lemont offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lemont?
5 schools tracked · 3,882 students
The largest public schools serving Lemont, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lemont Twp High School
Grades 9-12 · 1,305 students
Old Quarry Middle Sch
Grades 6-8 · 825 students
Oakwood School
Grades PK-1 · 634 students
River Valley School
Grades 2-3 · 578 students
Central School
Grades 4-5 · 540 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lemont, IL?
Want a head-to-head view? Compare Lemont side-by-side with any other U.S. city using our market-comparison tool.
Is Lemont a good real estate investment market?
For investors evaluating Lemont, the price-to-rent ratio of 19.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 26.5% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lemont's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lemont's median home price.
Frequently asked questions
What is the average home price in Lemont?
The median home sale price in Lemont is $654,625, up 26.5% from last year.
How long do homes stay on market in Lemont?
Homes typically spend 35 days on market before going under contract.
What is the median income in Lemont?
The median household income is $126,100 per year.
Is Lemont a buyer's or seller's market?
With 5.2 months of supply, Lemont is currently a balanced market.
What is the Zillow home value estimate for Lemont?
The Zillow Home Value Index (ZHVI) for Lemont is $579,781, representing the typical home value in the area.
What is the median condo price in Lemont?
The median condo/co-op sale price in Lemont, IL is $300,000, compared to $657,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lemont?
The median single-family home price in Lemont, IL is $657,500 (about $290 per square foot).
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