Is Lombard, 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, Lombard has remained a Seller's Market.
Housing Prices in Lombard, IL
How much do homes in Lombard, IL cost?
Median Sold Price
$326,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lombard was $326,000 in April 2024, up 7% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $143.4K | +24.7% |
2 Bedrooms | $241.2K | $275.2K | +14.1% |
3 Bedrooms | $325K | $347.5K | +6.9% |
4 Bedrooms | $400K | $430K | +7.5% |
5+ Bedrooms | $491.2K | $427.9K | -12.9% |
Summary: Lombard housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.7%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 12.9%.
Median Sold Price Compared To Nearby Cities
Milton Township | $400.5K | $428.8K | +7.1% |
Lombard | $304.7K | $326K | +7.0% |
Glen Ellyn | $448.7K | $464.2K | +3.5% |
York Township | $365K | $375K | +2.7% |
Villa Park | $305K | $310K | +1.6% |
Housing Supply in Lombard, IL
How many homes are available in Lombard, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
126 | 143 | +13.5% |
Summary: The Lombard real estate market had 143 homes for sale in April 2024, a 13.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 6 | -50.0% |
2 Bedrooms | 38 | 38 | 0.0% |
3 Bedrooms | 49 | 62 | +26.5% |
4 Bedrooms | 20 | 26 | +30.0% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Lombard housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 45 | +4.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Lombard in April 2024, up by 4.7% month-over-month. Of the 45 sold homes, 24% were sold under asking, 18% were sold at asking, and 58% were sold over asking.
Days on Market for Lombard, IL
How long does it take to sell a home in Lombard, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 7 Days | -40.5% |
Summary: Homes in Lombard had an average of 7 days on market in Apr 2024, down by 40.5% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 45 homes were sold in Lombard; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.