Baird & Warner's Market Report

Lombard, IL

Single-Family Homes

www.BairdWarner.com



Lombard, IL

Thu Mar 23 2023
This week the median list price for Lombard, IL is $414,900 with the market action index hovering around 52. This is an increase over last month's market action index of 49. Inventory has decreased to 29. Click here to stay informed with the Lombard market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Lombard, IL

Thu Mar 23 2023
This week the median list price for Lombard, IL is $414,900 with the market action index hovering around 52. This is an increase over last month's market action index of 49. Inventory has decreased to 29. Click here to stay informed with the Lombard market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Lombard market.
Median List Price $414,900
Median Price of New Listings $337,750
Per Square Foot $265
Average Days on Market 154
Median Days on Market 63
Price Decreased 28%
Price Increased 3%
Relisted 7%
Inventory 29
Median Rent
Market Action 52
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$900,000 2,600 0.5 - 1 acre 4 3.5 72 0 0 308
$549,000 2,123 6,500 - 8,000 sqft 3 2.5 67 1 1 147
$380,000 1,560 8,000 - 10,000 sqft 3 2 68 2 2 42
$290,250 1,319 0.25 - 0.5 acre 3 2 67 3 2 10