How's Chicago's Real Estate Market?

Lake Bluff, IL 60044

Single-Family Homes

312-961-6212


Lake Bluff, IL 60044

Sun Dec 22 2024
This week the median list price for Lake Bluff, IL 60044 is $689,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has decreased to 23. 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 60044

Sun Dec 22 2024
This week the median list price for Lake Bluff, IL 60044 is $689,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has decreased to 23. 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 $689,000
Median Price of New Listings $0
Per Square Foot $526
Average Days on Market 284
Median Days on Market 105
Price Decreased 30%
Price Increased 0%
Relisted 13%
Inventory 23
Median Rent
Market Action 32
Slight Seller's Advantage

Prices in this zip code have 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
$5,395,000 7,418 5 - 10 acres 5 5.5 45 0 0 469
$1,549,500 2,894 0.25 - 0.5 acre 4 3.5 63 0 1 59
$675,000 1,021 0.25 - 0.5 acre 2 1 71 0 0 945
$530,000 1,623 0.25 - 0.5 acre 3 2 67 0 2 31