Lake Bluff Real Estate Market Update December 2018


Real Estate In Lake Bluff is a balanced market favoring buyers. There is significant amount of homes for sale in Lake Bluff, and buyers are not in a rush to buy yet. There is a 7.7 months supply of inventory on the market in Lake Bluff on December 31, 2018.



Now is the Time to Buy!

The average market time for a Single Family Homes to sell in Lake Bluff last month was 76 days.
It took on average 13 days to sell Lake Bluff Condo, Townhouse or a Duplex.
The number of home sales in Lake Bluff from November 1, 2018 through November 30, 2018 was 10 units. That is 1% above the number of homes sold last month in Lake Bluff.

The average price per square foot in the area is now $149/Sq.Ft, which is 16% a decline from last month.



In Lake Bluff there were 3 units sold in November in the price range between $240,000 – $373,875 with an average of 3 bedrooms and 2.1 bathrooms and average Square footage of 1,873SF.

In Lake Bluff there were 6 units sold in November in the price range between $373,876 – $822,624 with an average of 3 bedrooms and 2.2 bathrooms and average Square footage of 2,196SF.

In Lake Bluff there were 1 units sold in November in the price range between $822,625 – $1,137,500 with an average of 4 bedrooms and 3.1 bathrooms and average Square footage of 4,223SF.

The low price range had the most activity. Homes up to $373,875 were on the market on average 58 days and sold an average of $295,000.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Lake Bluff. Search all Lake Bluff homes for Sale on propertyup.com If you are considering viewing Lake Bluff, you may want to do so now!

Lake Bluff
Oct 1, 2018 – Oct 31, 2018
Nov 1, 2018 – Nov 30, 2018
Month
October
November
Average Listing Price
$950,563
$1,095,241
Median Sales Price
$532,607
$507,750
Month supply of inventory
9.1
7.7
Market Time Detached
61 days
76 days
Market Time Attached
114 days
13 days
Inventory
147 properties
125 properties
Low price range
$140,000 – $336,304
$240,000 – $373,875
Low price range market time
70 days
58 days
Low price range units sold
0
3
Low price range bedrooms
3
3
Low price range bathrooms
2
2.1
Low price range approx sqft
1,574 SF
1,873 SF
Mid price range
$336,305 – $731,303
$373,876 – $822,624
Mid price range market time
70 days
62 days
Mid price range units sold
8
6
Mid price range bedrooms
3.9
3
Mid price range bathrooms
2.7
2.2
Mid price range approx sqft
2,389 SF
2,196 SF
High price range
$731,304 – $930,000
$822,625 – $1,137,500
High price range market time
65 days
27 days
High price range units sold
3
1
High price range bedrooms
4.3
4
High price range bathrooms
2.8
3.1
High price range approxsqft
2,891 SF
4,223 SF

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source http://realestatevibe.com/lake-bluff-real-estate-market-update-December-2018/

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