Is Lake Bluff, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$570,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lake Bluff was $570,000 in March 2024, down 20.8% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $150K | N/A |
2 Bedrooms | $301.4K | $235K | -22.0% |
3 Bedrooms | $485K | $555K | +14.4% |
4 Bedrooms | $865K | $727.5K | -15.9% |
5+ Bedrooms | $1.1M | $1.0M | -16.1% |
Summary: Lake Bluff housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes decreased by 16.1%.
Median Sold Price Compared To Nearby Cities
North Chicago | $166.1K | $185K | +11.3% |
Shields Township | $599K | $607.9K | +1.5% |
Lake Forest | $1.0M | $969.5K | -6.7% |
Lake Bluff | $720K | $570K | -20.8% |
Housing Supply in Lake Bluff, IL
How many homes are available in Lake Bluff, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 43 | +7.5% |
Summary: The Lake Bluff real estate market had 43 homes for sale in March 2024, a 7.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 11 | 8 | -27.3% |
4 Bedrooms | 12 | 18 | +50.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Lake Bluff housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Lake Bluff in March 2024, up by 14.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
69 Days | 22 Days | -68.1% |
Summary: Homes in Lake Bluff had an average of 22 days on market in Mar 2024, down by 68.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Lake Bluff; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.