Craig Sebert's Market Report

Lombard, IL

Single-Family Homes

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



Lombard, IL

Tue Oct 20 2020
This week the median list price for Lombard, IL is $350,000 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has held steady at or around 97. 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.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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

Tue Oct 20 2020
This week the median list price for Lombard, IL is $350,000 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has held steady at or around 97. 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.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $350,000
Per Square Foot $189
Days on Market 116
Price Decreased 49%
Price Increased 3%
Relisted 21%
Inventory 97
Median Rent $1,300
Most Expensive $1,195,000
Least Expensive $169,000
Market Action 42
Slight Seller's Advantage

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$650,000 3,050 0.25 - 0.5 acre 4 4 14 2 1 159
$394,000 2,110 0.25 - 0.5 acre 4 3 45 0 3 127
$322,400 1,836 8,000 - 10,000 sqft 3 2 58 9 4 49
$259,500 1,278 8,000 - 10,000 sqft 3 2 65 3 6 127