Is Lake Bluff, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lake Bluff has remained a Seller's Market.
Housing Prices in Lake Bluff, IL
How much do homes in Lake Bluff, IL cost?
Median Sold Price
$610,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Bluff was $610,000 in April 2024, down 3.2% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $150K | N/A |
2 Bedrooms | $295.7K | $235K | -20.5% |
3 Bedrooms | $475K | $560K | +17.9% |
4 Bedrooms | $894.5K | $730K | -18.4% |
5+ Bedrooms | $1.1M | $975K | -14.6% |
Summary: Lake Bluff housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.5%, 3 bedroom homes increased by 17.9%, 4 bedroom homes decreased by 18.4%, and 5+ bedroom homes decreased by 14.6%.
Median Sold Price Compared To Nearby Cities
Shields Township | $546.2K | $615K | +12.6% |
North Chicago | $170K | $185K | +8.8% |
Lake Forest | $1.0M | $982.2K | -2.0% |
Lake Bluff | $629.9K | $610K | -3.2% |
Housing Supply in Lake Bluff, IL
How many homes are available in Lake Bluff, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 55 | +25.0% |
Summary: The Lake Bluff real estate market had 55 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 11 | +37.5% |
3 Bedrooms | 9 | 12 | +33.3% |
4 Bedrooms | 19 | 22 | +15.8% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Lake Bluff housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 13 | +62.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Lake Bluff in April 2024, up by 62.5% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for Lake Bluff, IL
How long does it take to sell a home in Lake Bluff, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 23 Days | +66.6% |
Summary: Homes in Lake Bluff had an average of 23 days on market in Apr 2024, up by 66.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Lake Bluff; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.