Market Edge Report

Lake Bluff, IL

Single-Family Homes

BHHSChicago.com



Lake Bluff, IL

Mon Feb 06 2023
This week the median list price for Lake Bluff, IL is $841,500 with the market action index hovering around 34. This is less than last month's market action index of 40. Inventory has increased to 14. 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 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.

Lake Bluff, IL

Mon Feb 06 2023
This week the median list price for Lake Bluff, IL is $841,500 with the market action index hovering around 34. This is less than last month's market action index of 40. Inventory has increased to 14. 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 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 Lake Bluff market.
Median List Price $841,500
Median Price of New Listings $689,000
Per Square Foot $330
Average Days on Market 178
Median Days on Market 151
Price Decreased 29%
Price Increased 0%
Relisted 14%
Inventory 14
Median Rent
Market Action 34
Slight Seller's Advantage

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$1,099,000 3,160 1 - 2.5 acres 4 3.5 57 0 0 112
$981,000 888 0.25 - 0.5 acre 2 1 72 0 0 266
$768,500 3,060 0.25 - 0.5 acre 4 3.3 37 1 0 35
$499,450 2,072 0.25 - 0.5 acre 3 2.8 57 0 0 150