Market Edge Report

Lake Bluff, IL

Single-Family Homes

BHHSChicago.com



Lake Bluff, IL

Mon Dec 11 2023
This week the median list price for Lake Bluff, IL is $992,500 with the market action index hovering around 31. This is less than last month's market action index of 35. Inventory has decreased to 20. Click here to stay informed with the Lake Bluff market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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.

Lake Bluff, IL

Mon Dec 11 2023
This week the median list price for Lake Bluff, IL is $992,500 with the market action index hovering around 31. This is less than last month's market action index of 35. Inventory has decreased to 20. Click here to stay informed with the Lake Bluff market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 Lake Bluff market.
Median List Price $992,500
Median Price of New Listings $0
Per Square Foot $448
Average Days on Market 239
Median Days on Market 140
Price Decreased 35%
Price Increased 0%
Relisted 10%
Inventory 20
Median Rent
Market Action 31
Slight Seller's Advantage

The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift 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
$5,995,000 7,905 5 - 10 acres 5 7 29 0 0 105
$1,425,000 4,061 0.25 - 0.5 acre 4 4.5 25 0 0 133
$989,000 1,002 0.25 - 0.5 acre 2 1 72 0 0 574
$725,000 2,500 0.25 - 0.5 acre 4 3 33 0 1 77