Market Edge Report

Lake Bluff, IL

Single-Family Homes

BHHSChicago.com


Lake Bluff, IL

Fri May 09 2025
This week the median list price for Lake Bluff, IL is $985,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 18. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Lake Bluff, IL

Fri May 09 2025
This week the median list price for Lake Bluff, IL is $985,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 18. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Lake Bluff market.
Median List Price $985,000
Median Price of New Listings $0
Per Square Foot $526
Average Days on Market 423
Median Days on Market 280
Price Decreased 28%
Price Increased 0%
Relisted 11%
Inventory 18
Median Rent
Market Action 34
Slight Seller's Advantage

Despite this week’s down tic, price trends have generally been moving up lately. Prices are below the market’s high point, and so watch the Market Action Index as an indicator of how long this trend will last.

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
$4,985,000 6,828 5 - 10 acres 5 5 46 0 0 465
$2,125,000 5,145 0.5 - 1 acre 4 5 65 0 0 56
$675,000 1,040 0.25 - 0.5 acre 2 1 73 0 1 1085
$435,000 1,686 0.25 - 0.5 acre 3 1 69 0 0 49