Baird & Warner's Market Report

Lombard, IL

Single-Family Homes

www.BairdWarner.com



Lombard, IL

Wed Feb 21 2024
This week the median list price for Lombard, IL is $599,900 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has decreased to 17. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Lombard, IL

Wed Feb 21 2024
This week the median list price for Lombard, IL is $599,900 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has decreased to 17. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Real-Time Market Profile

Never miss important changes in the Lombard market.
Median List Price $599,900
Median Price of New Listings $469,999
Per Square Foot $247
Average Days on Market 201
Median Days on Market 70
Price Decreased 41%
Price Increased 0%
Relisted 29%
Inventory 17
Median Rent
Market Action 51
Strong Seller's Market

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.

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
$1,225,000 3,979 8,000 - 10,000 sqft 4 4.3 58 0 0 350
$668,700 2,693 0.25 - 0.5 acre 4 2.8 31 1 0 91
$484,499 2,242 0.5 - 1 acre 4 2.5 68 1 1 63
$359,900 1,704 0.25 - 0.5 acre 4 2 70 1 1 63