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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lombard Gardens is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Lombard Gardens, IL

How much do homes in Lombard Gardens, IL cost?

Median Sold Price

$353,000

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$29,000(+9.0%)

Key Takeaway

Homes in Lombard Gardens have sold for 9% more than they did a year ago.

Summary: The median home sold price in Lombard Gardens was $353,000 in April 2024, up 9% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $316K$300K
-5.1%
3 $286.5K$369.5K
+29.0%
4 $750K-
N/A
5+ --
N/A

Summary: Lombard Gardens housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 29%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Lombard Gardens, IL

How many homes are available in Lombard Gardens, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
04+100.0%

Summary: The Lombard Gardens real estate market had 4 homes for sale in April 2024, a 100.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 01
+100.0%
4 02
+100.0%
5+ 01
+100.0%

Summary: The Lombard Gardens housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were 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 Lombard Gardens, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Lombard Gardens in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Lombard Gardens, IL

How long does it take to sell a home in Lombard Gardens, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
6 Days4 Days-33.3%

Summary: Homes in Lombard Gardens had an average of 4 days on market in Apr 2024, down by 33.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 1 homes were sold in Lombard Gardens; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 5 Days Ago

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