There are currently 12,152 real estate properties in Romeoville, IL, with a median automated valuation model (AVM) price of $277,190.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Romeoville, 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 Romeoville, IL, is $312,383.00, with the most expensive house in Romeoville, IL, topping out at $4,862,100.00 and the cheapest home in Romeoville, IL, clocking in at $35,782.00. In other words, there’s something for every potential homebuyer or savvy investor in Romeoville, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Romeoville, IL, is on a rollercoaster ride. The average rent price in Romeoville, IL, is $1,842.00. Indeed, when looking to rent in Romeoville, IL, you can expect to pay as little as $810.00 or as much as $4,480.00, with the average rent median estimated to be $1,870.00. The good news is that finding an affordable and desirable property to rent in Romeoville, 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.
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