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Featured local agent — New Lenox, IL
Sarah Mitchell
Compass Real Estate · New Lenox, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Lenox, IL Housing Market
The typical home in New Lenox, IL is worth $459,277, rose 3.0% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $497,500, +10.4% year over year (through May 2026). With 3.6 months of supply and homes going under contract in about 39 days, New Lenox is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $459,277 home is about $2,361/mo in principal and interest.
Key numbers for New Lenox, IL
Typical home value
$459,277
+3.0% in 12 months
Zillow, July 2026
Median sale price
$497,500
+10.4% year over year
Redfin, through May 2026
Days on market
39
Average pace
Redfin, through May 2026
Active listings
93
3.6 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$133,071
Home costs 3.5x income
U.S. Census ACS, 2023
Sale-to-list ratio
99.8%
Selling below asking
Redfin, through May 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is New Lenox a buyer's or seller's market?
New Lenox, IL is a balanced market, based on 3.6 months of supply and homes selling in about 39 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the New Lenox housing market data show?
Every row below is Redfin's final published month for New Lenox, IL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $497,500 |
| Median list price | $400,000 |
| Year-over-year price change | +10.4% |
| Median price per sq ft | $217/sq ft |
| Median days on market | 39 days |
| Active inventory | 93 listings |
| Months of supply | 3.6 months |
| Sale-to-list price ratio | 99.8% |
| Homes sold (that month) | 26 |
| New listings (that month) | 44 |
| Listings with a price cut | 14.0% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for New Lenox is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in New Lenox is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have New Lenox home prices moved?
Over the last three years the median sale price in New Lenox, IL rose 32.7%, from $375,000 to $497,500. The live Zillow value series has rose 3.0% in the last 12 months, which is the more current read now that Redfin's series has stopped. 14.0% of New Lenox listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 3.6 months while the sale-to-list ratio slips below its current 99.8%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in New Lenox?
Priced off the typical home value of $459,277 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $91,855 | $367,422 | $2,361/mo |
| 5% | $22,964 | $436,313 | $2,804/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,361, that implies roughly $101,192 a year before you add taxes and insurance. The median household in New Lenox earns $133,071, about $31,879 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.5x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in New Lenox in the next 12 months?
Tell us your timeline. We send the New Lenox market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in New Lenox?
Zillow does not publish a rent index (ZORI) for New Lenox, IL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in New Lenox?
Active listings in New Lenox, IL went from 93 in May 2025 to 93 in May 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 93 | 41 |
| July 2025 | 82 | 28 |
| August 2025 | 73 | 33 |
| September 2025 | 73 | 36 |
| October 2025 | 77 | 29 |
| November 2025 | 83 | 25 |
| December 2025 | 57 | 8 |
| January 2026 | 54 | 16 |
| February 2026 | 64 | 29 |
| March 2026 | 71 | 35 |
| April 2026 | 79 | 38 |
| May 2026 | 93 | 44 |
Redfin, through May 2026
How does New Lenox compare to Illinois and the U.S.?
New Lenox homes sell for $497,500 — 47% above the Illinois median of $337,900. Against the national median of $410,700, New Lenox runs 21% higher. Year-over-year, New Lenox moved +10.4% against Illinois's +5.9% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| New Lenox, IL | $497,500 | +10.4% | 39 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in New Lenox
What buyers should watch
- Months of supply, currently 3.6. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 14.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $443 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $459,277 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median New Lenox listing goes under contract in 39 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 99.8% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month New Lenox added 44 new listings against 26 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +3.0% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside New Lenox varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in New Lenox
There are currently 93 homes listed for sale in New Lenox, Illinois. The median listing price is $400K.
Active listings
93
Homes on market
Median list price
$400K
Avg. days on market
39
Days until sale
New this week
44
Newly listed
How much do homes cost in New Lenox by property type?
How the New Lenox, IL market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $525,000 | $219/sq ft | 21 | 41 days |
| Condo / co-op | $267,450 | $205/sq ft | 2 | 31 days |
| Townhouse | $275,000 | $200/sq ft | 3 | 20 days |
Who lives in New Lenox?
American Community Survey estimates for New Lenox. U.S. Census ACS, 2023
Population
27,456
Households
9,142
Median income
$133,071/yr
Median age
37.3 years
Owner-occupied
91.2%
Median home value
$377,500
Median gross rent
$1,244/mo
Mean commute
32.8 min
91.2% of occupied homes in New Lenox are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $377,500 against Zillow's $459,277 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve New Lenox?
15 schools tracked · 9,004 students
The largest public schools serving New Lenox, 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.
Lincoln-Way Central High School
Grades 9-12 · 2,017 students
Lincoln Way West
Grades 9-12 · 2,005 students
Liberty Junior High School
Grades 7-8 · 587 students
Alex M Martino Jr High School
Grades 7-8 · 565 students
Spencer Crossing
Grades 4-6 · 538 students
Spencer Pointe
Grades 1-3 · 463 students
Nelson Ridge School
Grades 4-6 · 455 students
Spencer Trail
Grades K · 393 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 New Lenox, IL?
Ordered by distance from New Lenox, not by size. Compare New Lenox side by side with any of them.
New Lenox housing market FAQ
Is New Lenox a buyer's or seller's market?
New Lenox, IL is currently a balanced market. That read comes from 3.6 months of supply, homes going under contract in about 39 days, and sellers getting 99.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in New Lenox?
The typical home in New Lenox, IL is worth $459,277 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $497,500, about $217 per square foot.
Is New Lenox cheaper than the rest of Illinois?
New Lenox's median sale price of $497,500 is 47% higher than the Illinois statewide median of $337,900, and 21% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in New Lenox?
Homes in New Lenox, IL spent a median of 39 days on market before going under contract, versus 43 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in New Lenox?
At the current 30-year fixed rate of 6.66%, 20% down on a $459,277 home is about $2,361 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $101,192 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $133,071.
Are home prices rising in New Lenox?
The typical home value in New Lenox, IL rose 3.0% over the last 12 months, from $445,999 to $459,277 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in New Lenox?
New Lenox ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in New Lenox?
That depends on your timeline, not on a headline. What the data says today: New Lenox, IL is a balanced market with 3.6 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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