Is Lombard, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lombard is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Lombard has remained a Seller's Market.

Key Takeaway

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

How much do homes in Lombard, IL cost?

Median Sold Price

$296,483

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$13,952(+4.9%)

Key Takeaway

Homes in Lombard have sold for 4.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $117.8K$120K
+1.9%
2 $222.7K$230.7K
+3.6%
3 $305K$325K
+6.6%
4 $360K$407.5K
+13.2%
5+ $465K$487.5K
+4.8%

Median Sold Price Compared To Nearby Cities

York Township
+7.8%
Villa Park
+6.1%
Lombard
+4.9%
Milton Township
+3.6%
Glen Ellyn
-1.9%

How many homes are available in Lombard, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
1521520.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 811
+37.5%
2 4441
-6.8%
3 5863
+8.6%
4 3732
-13.5%
5+ 55
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
4140-2.4%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lombard, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
24 Days24 Days-1.3%

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Lombard, IL

Lombard, IL has 152 homes for sale to choose from. In November 2022, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $296,483. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties became 1.9% more expensive, 2 bedrooms properties became 3.6% more expensive, prices of 3 bedrooms properties went up by 6.6%, prices of 4 bedrooms properties increased by 13.2%, 5 bedrooms properties prices increased by 4.8%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory increased by 37.5%, 2 bedrooms homes inventory decreased by 6.8%, 3 bedrooms homes inventory increased by 8.6%, 4 bedrooms homes inventory decreased by 13.5%, the quantity of 5 bedrooms homes have not changed. In November 2022 more than 8 listings in Lombard, IL were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 24 were sold below.

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