Altos Market Data for Realtors

Lombard, IL

Single-Family Homes

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Lombard, IL

Thu Mar 28 2024
This week the median list price for Lombard, IL is $599,900 with the market action index hovering around 49. This is less than last month's market action index of 52. Inventory has increased to 19. Click here to stay informed with the Lombard market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Lombard, IL

Thu Mar 28 2024
This week the median list price for Lombard, IL is $599,900 with the market action index hovering around 49. This is less than last month's market action index of 52. Inventory has increased to 19. Click here to stay informed with the Lombard market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Lombard market.
Median List Price $599,900
Median Price of New Listings $275,000
Per Square Foot $252
Average Days on Market 181
Median Days on Market 35
Price Decreased 32%
Price Increased 5%
Relisted 16%
Inventory 19
Median Rent
Market Action 49
Strong Seller's Market

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
$1,225,000 3,300 8,000 - 10,000 sqft 4 3.5 48 0 0 385
$649,900 2,936 0.25 - 0.5 acre 5 2.5 38 0 1 42
$459,900 1,820 0.25 - 0.5 acre 4 2 71 0 2 28
$349,000 1,576 0.25 - 0.5 acre 3 1.5 70 1 2 7