Craig Sebert's Market Report

Lombard, IL

Single-Family Homes

Craig.Sebert@kw.com | (331) 481-3051 | CraigSebert.com



Lombard, IL

Sun Aug 01 2021
This week the median list price for Lombard, IL is $365,000 with the market action index hovering around 58. This is less than last month's market action index of 62. Inventory has increased to 81. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Lombard, IL

Sun Aug 01 2021
This week the median list price for Lombard, IL is $365,000 with the market action index hovering around 58. This is less than last month's market action index of 62. Inventory has increased to 81. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Lombard market.
Median List Price $365,000
Median Price of New Listings $324,900
Per Square Foot $211
Average Days on Market 83
Median Days on Market 28
Price Decreased 41%
Price Increased 5%
Relisted 21%
Inventory 81
Median Rent $2,200
Market Action 58
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$654,950 3,148 0.25 - 0.5 acre 4 3 15 0 3 98
$427,250 2,335 0.25 - 0.5 acre 4 3 68 4 5 21
$326,950 1,551 0.25 - 0.5 acre 3 2 68 4 5 24
$255,000 1,132 0.25 - 0.5 acre 3 1 69 5 5 21