Baird & Warner's Market Report

Lombard, IL

Single-Family Homes

www.BairdWarner.com



Lombard, IL

Wed Oct 09 2024
This week the median list price for Lombard, IL is $475,000 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has increased to 43. 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

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Lombard, IL

Wed Oct 09 2024
This week the median list price for Lombard, IL is $475,000 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has increased to 43. 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

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Lombard market.
Median List Price $475,000
Median Price of New Listings $384,950
Per Square Foot $249
Average Days on Market 76
Median Days on Market 35
Price Decreased 37%
Price Increased 2%
Relisted 19%
Inventory 43
Median Rent
Market Action 59
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
$1,172,000 3,945 0.25 - 0.5 acre 4 3.5 14 0 0 66
$579,900 2,477 8,000 - 10,000 sqft 4 3 56 1 0 49
$429,896 2,050 0.25 - 0.5 acre 3 2 59 4 2 7
$365,000 1,300 8,000 - 10,000 sqft 3 2 72 5 7 7