Is Lombard, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$330,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lombard was $330,000 in June 2024, up 5.2% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122.5K | $145K | +18.4% |
2 Bedrooms | $245K | $279.9K | +14.3% |
3 Bedrooms | $326K | $355K | +8.9% |
4 Bedrooms | $400K | $425.5K | +6.4% |
5+ Bedrooms | $495K | $437.5K | -11.6% |
Summary: Lombard housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 11.6%.
Median Sold Price Compared To Nearby Cities
Glen Ellyn | $434.9K | $474.5K | +9.1% |
Villa Park | $294.9K | $320K | +8.5% |
Milton Township | $401.7K | $435.6K | +8.5% |
Lombard | $313.6K | $330K | +5.2% |
York Township | $363.1K | $380.6K | +4.8% |
Housing Supply in Lombard, IL
How many homes are available in Lombard, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
152 | 184 | +21.1% |
Summary: The Lombard real estate market had 184 homes for sale in June 2024, a 21.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 12 | +33.3% |
2 Bedrooms | 36 | 50 | +38.9% |
3 Bedrooms | 67 | 73 | +9.0% |
4 Bedrooms | 30 | 36 | +20.0% |
5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Lombard housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 38.9%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
49 | 53 | +8.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in Lombard in June 2024, up by 8.2% month-over-month. Of the 53 sold homes, 30% were sold under asking, 6% were sold at asking, and 64% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
11 Days | 14 Days | +24.9% |
Summary: Homes in Lombard had an average of 14 days on market in Jun 2024, up by 24.9% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 53 homes were sold in Lombard; 85% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.