Is Lambert Trees, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lambert Trees is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Lambert Trees was a Neutral Market.

Key Takeaway

Lambert Trees is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lambert Trees, IL

How much do homes in Lambert Trees, IL cost?

Median Sold Price

$425,500

-

Based on all homes sold in March 2024.

Difference Since Last Month

+$275,500(+183.7%)

Key Takeaway

Homes in Lambert Trees have sold for 183.7% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 --
N/A
5+ $150K$425.5K
+183.7%

Summary: Lambert Trees housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 183.7%.

Housing Supply in Lambert Trees, IL

How many homes are available in Lambert Trees, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
67+16.7%

Summary: The Lambert Trees real estate market had 7 homes for sale in March 2024, a 16.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 00
0.0%
5+ 67
+16.7%

Summary: The Lambert Trees 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lambert Trees, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Lambert Trees in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Lambert Trees, IL

How long does it take to sell a home in Lambert Trees, IL?

Average Sale Time

Feb 2024Mar 2024CHANGE
379 Days115 Days-69.7%

Summary: Homes in Lambert Trees had an average of 115 days on market in Mar 2024, down by 69.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lambert Trees are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 2 homes were sold in Lambert Trees; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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