Somonauk, IL

Somonauk is a small town located in Mc Henry County, Illinois. The population was 2,906 at the 2010 census. Somonauk is home to many businesses and homes that are used for residential purposes. Somonauk has a variety of housing options for people who are looking to buy or rent a home. There are single family homes, townhomes, condos, and apartments that can be found in the town.

The real estate market in Somonauk is very competitive because there are many homes for sale and renters want to find the best place to live. The median list price for a home in Somonauk was $157,000 in 2016 according to Zillow. The average list price per square foot was $101 which is higher than the Illinois average of $92 per square foot. The median rent price for a home in Somonauk was $1,100 in 2016 according to Zillow. This means that there is an abundance of rental units available in the town.

One reason why the real estate market is so competitive is because there are many homes available for sale and renters want to find the best place to live. Another reason why the market is so competitive is because there are not many new homes being built in Somonauk which means that there are not as many opportunities for people who want to buy a home. There have been some new developments built recently but they have not yet had an impact on the overall housing market in Somonauk