Altos Market Data for Realtors

Lake Bluff, IL

Single-Family Homes

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Lake Bluff, IL

Tue May 30 2023
This week the median list price for Lake Bluff, IL is $981,000 with the market action index hovering around 40. This is less than last month's market action index of 45. 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 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

Tue May 30 2023
This week the median list price for Lake Bluff, IL is $981,000 with the market action index hovering around 40. This is less than last month's market action index of 45. 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 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 $981,000
Median Price of New Listings $0
Per Square Foot $384
Average Days on Market 145
Median Days on Market 35
Price Decreased 28%
Price Increased 0%
Relisted 11%
Inventory 18
Median Rent
Market Action 40
Slight Seller's Advantage

Prices continue their climb again this week. We’re a long way from the market’s price high-point 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
$2,497,000 4,314 8,000 - 10,000 sqft 5 5 75 0 0 24
$1,307,500 2,208 0.25 - 0.5 acre 3 2.8 47 0 0 199
$899,000 2,352 0.25 - 0.5 acre 4 3.5 61 0 1 70
$649,000 3,000 0.25 - 0.5 acre 4 3 3 0 0 77