Lemont, IL: A Thriving Historic Village for Real Estate in
Lemont, Illinois, a picturesque village in Cook, DuPage, and Will Counties, is a thriving community that blends historic charm with modern suburban appeal, making it a standout in Chicago’s southwest suburbs. With a population of approximately 17,629 in 2025, Lemont offers a scenic setting along the Des Plaines River and I&M Canal, just 27 miles from downtown Chicago. Known for its vibrant downtown, lush parks like the Forge: Lemont Quarries, and top-rated schools, Lemont is a haven for families, professionals, and retirees. Incorporated in 1873, this village shines with its strong economy and tight-knit community, requiring no revitalization. This article explores Lemont’s dynamic real estate market, community strengths, and why it’s a prime destination for homebuyers and investors in 2025.
The Lemont Real Estate Market in 2025
Lemont’s real estate market is robust, reflecting a strong seller’s market in 2025. As of April 2025, the median list price for homes in Lemont was $522,500, with a median sale price of $515,000, up 8.4% from the previous year, according to data from Redfin and Rocket Homes. The median price per square foot stands at $225, significantly more affordable than nearby Naperville ($305 per square foot) but higher than Orland Park ($219). Homes sell briskly, with an average listing age of 21 days in April 2025, down from 30 days the prior year, indicating high demand. In the last month, 55% of homes sold at or above list price, though 45% sold below, offering negotiation room for buyers.
Lemont’s housing stock is diverse, featuring historic bungalows, modern single-family homes, and luxury estates. For example, a 4-bedroom, 3-bath colonial in the Equestrian Estates subdivision, with hardwood floors, a gourmet kitchen, and a large lot, is listed around $649,900. More affordable options include a 3-bedroom ranch in Hilltop with updated appliances and a new roof, priced at $399,900, or a 2-bedroom condo in Lemont Pines starting at $250,000. Larger properties, like a 5-bedroom custom home in Ruffled Feathers with a golf course view, are available around $950,000. The average annual property tax of $7,800 is competitive for the area, especially compared to Naperville ($9,200), enhancing Lemont’s affordability.
A Thriving Community with Historic Charm
Lemont excels with its blend of historic character and modern amenities, creating a vibrant community. Located near I-55 and I-355, the village offers a 35-minute commute to Chicago or access via the Metra Heritage Corridor station in downtown Lemont. The historic downtown, listed on the National Register of Historic Places, features charming storefronts, local restaurants like Nick’s Tavern, and breweries such as Pollyanna Brewing Company. Residents enjoy shopping at nearby Promenade Bolingbrook or dining at local favorites like Wooden Paddle Pizza and La Dolce Vita.
Lemont’s natural beauty is a major draw, with the Forge: Lemont Quarries offering 300 acres of adventure, including ziplining, kayaking, and mountain biking. Centennial Park, with its sports fields and splash pad, hosts community events like the Lemont Heritage Fest, fostering a strong sense of belonging. Residents praise the village’s safe, scenic neighborhoods, with one stating, “Lemont’s downtown and parks make it feel like a small town, but you’re so close to Chicago.” The village’s diverse population, with 88% homeownership, supports a welcoming atmosphere, enhanced by top-rated schools like Lemont High School (District 210), which boasts a 94% graduation rate, and River Valley Elementary, known for strong academics. With a median household income of $114,509, well above the national average, and a low crime rate, Lemont offers stability and opportunity.
Lemont’s economy is bolstered by proximity to major employers, such as Argonne National Laboratory and industrial parks in Romeoville. The village’s well-maintained infrastructure, including recent upgrades to downtown streets and utilities, ensures a high quality of life and supports rising property values.
Why Buy in Lemont?
Lemont’s real estate market offers exceptional value and opportunity. Homes often feature modern upgrades, such as granite countertops, energy-efficient windows, and spacious layouts, catering to buyers seeking luxury or affordability. For instance, a 4-bedroom, 2.5-bath home in Covington Knolls with a finished basement and new HVAC is listed for $525,000, offering comfort and value. Investors can tap into the rental market, as 12% of homes are rented, with properties like condos in Briarcliffe or townhomes in Derby Meadows allowing rentals and pets, appealing to young professionals and families. The median rent in Lemont, around $1,800 for a 2-bedroom unit, reflects strong demand in this desirable suburb.
The village’s historic charm, coupled with modern amenities and access to Chicago, makes it ideal for those seeking a balanced lifestyle. Residents appreciate the convenience, with one noting, “You’ve got history, nature, and great schools all in one place.” Neighborhoods like Equestrian Estates, Gleneagles, and Southworth are among the safest and most sought-after, offering community amenities like walking trails and golf courses. With an 8.4% year-over-year home price increase, Lemont is poised for continued appreciation, making it a smart investment.
Challenges and Considerations
Lemont’s competitive market, with homes selling in 21 days on average, requires buyers to act quickly. Some older homes, particularly 1960s-era bungalows, may need updates like new plumbing or roofing, though these are often priced lower (e.g., $350,000), appealing to buyers willing to renovate. The village’s focus on family-friendly and outdoor activities means limited nightlife, but nearby Naperville and Orland Park offer entertainment, from concerts at the Riverwalk to dining at Cooper’s Hawk Winery. Illinois’ high property taxes are a concern, but Lemont’s reasonable rates and high quality of life offset this for most residents.
Conclusion
Lemont, Illinois, is a thriving historic village that doesn’t need revitalization—it’s already a star in Chicago’s southwest suburbs. With a median home price of $515,000, a strong seller’s market, and a vibrant community, Lemont offers unmatched value for families, professionals, and investors. Its historic downtown, top-rated schools, and natural attractions like the Forge: Lemont Quarries make it a desirable place to call home. From charming bungalows to luxury estates, Lemont’s diverse housing options, coupled with its strong economy and proximity to Chicago via I-55 and Metra, ensure its real estate market will continue to flourish in 2025. If you’re seeking history, nature, and modern convenience, Lemont is the perfect place to invest.
