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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 & Real Estate
Housing market overview · Updated monthly ·
$497,500median sale price
How is the New Lenox, IL housing market right now?
The median home sale price in New Lenox, IL is $497,500, up 10.4% year-over-year. Homes sell in an average of 39 days with 93 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 New Lenox a buyer's or seller's market?
New Lenox, IL is currently a balanced market, based on 3.6 months of supply and homes selling in about 39 days. How we determine this →
Homes sold
26
Last 12 weeks
Days on market
39
Average pace
Active listings
93
3.6 months supply
Sale-to-list
99.8%
Below asking
What does the New Lenox housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $497,500 |
| Median list price | $400,000 |
| Year-over-year price change | +10.4% |
| Average days on market | 39 days |
| Active inventory | 93 listings |
| Months of supply | 3.6 months |
| Sale-to-list price ratio | 99.8% |
| Median price per sq ft | $217/sq ft |
| Homes sold (latest month) | 26 |
| New listings (latest month) | 44 |
| Listings with a price cut | 14.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
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.
| 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 |
Source: Redfin · Updated monthly
The New Lenox housing market is currently classified as a balanced market with a median sale price of $497,500. Prices have risen 10.4% compared to last year, with homes spending an average of 39 days on market, indicating 3.6 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 3.4x provides context for how home values compare to local earning capacity.
Market trends
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
Who lives in New Lenox?
Population
27,456
Median income
$133,071/yr
Median age
37.3 years
Owner-occupied
91.2%
College grads
45.5%
Avg commute
32.8 min
Source: U.S. Census Bureau ACS
What are homes worth in New Lenox?
Zillow home value
$454,415
Zillow rent index
$1,589/mo
Price-to-rent ratio
23.8x
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in New Lenox?
New Lenox is a community of approximately 27K residents with a median age of 37.3 years.The median household income is $133,071, which reflects a relatively affluent area with strong earning potential. 45.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 91.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.8 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, New Lenox offers a balanced lifestyle with accessible home values relative to local income levels.
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?
Want a head-to-head view? Compare New Lenox side-by-side with any other U.S. city using our market-comparison tool.
Is New Lenox a good real estate investment market?
For investors evaluating New Lenox, the price-to-rent ratio of 23.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 10.4% 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 New Lenox's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using New Lenox's median home price.
Frequently asked questions
What is the average home price in New Lenox?
The median home sale price in New Lenox is $497,500, up 10.4% from last year.
How long do homes stay on market in New Lenox?
Homes typically spend 39 days on market before going under contract.
What is the median income in New Lenox?
The median household income is $133,071 per year.
Is New Lenox a buyer's or seller's market?
With 3.6 months of supply, New Lenox is currently a balanced market.
What is the Zillow home value estimate for New Lenox?
The Zillow Home Value Index (ZHVI) for New Lenox is $454,415, representing the typical home value in the area.
What is the median condo price in New Lenox?
The median condo/co-op sale price in New Lenox, IL is $267,450, compared to $525,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in New Lenox?
The median single-family home price in New Lenox, IL is $525,000 (about $219 per square foot).
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