New Upward Trend in Price Cuts for Lombard Real Estate Market

The number of price cuts in the Lombard market climbed to 74 over the last 30 days, furthering a new positive trend. Perhaps due to the decreases in list prices, sales increased to 63 homes sold. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Pricing in Lombard remains consistent from last week to this week, with the median sales price at $218,000 again. The rising sales and a low two months of inventory point to Lombard being a solid seller's market.

For a potentially great deal, make sure you look at these listings that had large price cuts in Lombard:

$624K   $479K   $375K  

Get started right now by checking out Lombard homes for sale or reviewing Lombard real estate trends.

Demographic facts about Lombard:

  • The median house value here is $196,500.
  • The area gets an average of 109 rainy days each year. (U.S. average: 100)
  • This area has an unemployment rate of 7.7%.
  • The students per teacher ratio in this area is 16.4:1. (15.3:1 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Prudential Rubloff Properties
9 reviews
Field Street Properties, LLC
Snapped 4 homes in this area
EXIT Realty Redefined
Snapped 13 homes in this area

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