Market Edge Report

Lake Bluff, IL

Single-Family Homes

BHHSChicago.com



Lake Bluff, IL

Sat Mar 02 2024
This week the median list price for Lake Bluff, IL is $875,000 with the market action index hovering around 34. This is an increase over last month's market action index of 32. Inventory has increased to 17. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Lake Bluff, IL

Sat Mar 02 2024
This week the median list price for Lake Bluff, IL is $875,000 with the market action index hovering around 34. This is an increase over last month's market action index of 32. Inventory has increased to 17. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Lake Bluff market.
Median List Price $875,000
Median Price of New Listings $975,000
Per Square Foot $515
Average Days on Market 285
Median Days on Market 175
Price Decreased 35%
Price Increased 0%
Relisted 6%
Inventory 17
Median Rent
Market Action 34
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$5,922,500 7,662 5 - 10 acres 5 7 26 0 0 199
$1,362,000 3,285 0.25 - 0.5 acre 4 4.5 28 2 1 49
$767,000 2,471 0.25 - 0.5 acre 4 2.8 41 0 1 402
$650,000 1,040 0.25 - 0.5 acre 2 1 70 1 0 651