Market Edge Report

Lake Bluff, IL

Single-Family Homes

BHHSChicago.com


Lake Bluff, IL

Mon Jan 13 2025
This week the median list price for Lake Bluff, IL is $675,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has decreased to 19. 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

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Lake Bluff, IL

Mon Jan 13 2025
This week the median list price for Lake Bluff, IL is $675,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has decreased to 19. 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

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Lake Bluff market.
Median List Price $675,000
Median Price of New Listings $0
Per Square Foot $505
Average Days on Market 330
Median Days on Market 133
Price Decreased 21%
Price Increased 0%
Relisted 11%
Inventory 19
Median Rent
Market Action 32
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$4,645,000 6,585 5 - 10 acres 5 5.8 38 0 1 378
$1,195,000 2,654 0.5 - 1 acre 4 3.5 58 0 1 70
$675,000 1,002 0.25 - 0.5 acre 2 1 73 0 0 973
$475,000 1,680 0.25 - 0.5 acre 3 2 71 0 0 63