Lena, IL Home Values & Market Trends
Real estate market trends reflect that there have been 8 transactions over the past year in Lena. The median value for residential home transactions that occurred over the previous year is $229,000. The number of current listings in Lena is 39, and the percentage of properties for sale in the city is 39.00%. Lena, IL currently has 4 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 39 properties for sale.
Lena, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 61048 | $ 229,000 $ 128/sqft |
Housing Market Summary for Lena, IL
| Oct 2025 | October 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $224.9K | $261.5K | 16.27% |
| Median Sold Price | $0 | $171.9K | - |
| Homes For Sale | 22 | 39 | 77.27% |
| Homes Sold | 0 | 4 | - |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Lena, IL
Browse Homes in Lena, IL
Lena home values range from $53,429 to $549,970. The median estimated value of a home in Lena is $229,000. The median list price of a home is 261,500, and the total count of properties in the city is 51.
- Pre-ForeclosurePre-foreclosure homes account for 5.88% of all residential properties in Lena, IL with 61048 containing 3 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Lena, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $160,516 in 61048 to the lowest home value of $101,918 in 61048.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lena, IL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Lena, IL. There is 1 zips within Lena, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions61048 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Lena, IL. Auction homes and other auction properties account for 1.96% of all properties in Lena, IL. There is 1 zips within Lena, IL; of that zips, the median estimated home value for homes going to auction ranges from $83,114 in 61048 to the lowest value of $83,114 in 61048.
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Guide for Lena, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
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