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Featured local agent — Lombard, IL
Sarah Mitchell
Compass Real Estate · Lombard, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lombard, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$407,500median sale price
How is the Lombard, IL housing market right now?
The median home sale price in Lombard, IL is $407,500, down 1.9% year-over-year. Homes sell in an average of 43 days with 136 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lombard a buyer's or seller's market?
Lombard, IL is currently a seller's market, based on 2.7 months of supply and homes selling in about 43 days. How we determine this →
Homes sold
50
Last 12 weeks
Days on market
43
Average pace
Active listings
136
2.7 months supply
Sale-to-list
100.6%
Above asking
What does the Lombard housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $407,500 |
| Median list price | $365,000 |
| Year-over-year price change | -1.9% |
| Average days on market | 43 days |
| Active inventory | 136 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 100.6% |
| Median price per sq ft | $256/sq ft |
| Homes sold (latest month) | 50 |
| New listings (latest month) | 91 |
| Listings with a price cut | 13.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lombard by property type?
How the Lombard, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $453,750 | $272/sq ft | 24 | 41 days |
| Condo / Co-op | $222,500 | $227/sq ft | 16 | 44 days |
| Townhouse | $444,995 | $260/sq ft | 10 | 83 days |
Source: Redfin · Updated monthly
The Lombard housing market is currently classified as a seller's market with a median sale price of $407,500. Prices have fallen 1.9% compared to last year, with homes spending an average of 43 days on market, indicating 2.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.1x provides context for how home values compare to local earning capacity.
Homes for sale in Lombard
There are currently 136 homes listed for sale in Lombard, Illinois. The median listing price is $365K.
Active listings
136
Homes on market
Median list price
$365K
Avg. days on market
43
Days until sale
New this week
91
Newly listed
Who lives in Lombard?
Population
43,722
Median income
$97,253/yr
Median age
38.8 years
Owner-occupied
70.4%
College grads
49.2%
Avg commute
26.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Lombard?
Zillow home value
$395,500
Zillow rent index
$2,086/mo
Price-to-rent ratio
15.8x
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Lombard?
Lombard is a community of approximately 44K residents with a median age of 38.8 years.The median household income is $97,253, which reflects a relatively affluent area with strong earning potential. 49.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 70.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lombard offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lombard?
13 schools tracked · 6,338 students
The largest public schools serving Lombard, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Glenbard East High School
Grades 9-12 · 2,264 students
Glenn Westlake Middle School
Grades 6-8 · 967 students
Madison Elementary School
Grades K-5 · 484 students
Westmore Elem School
Grades K-5 · 420 students
Wm Hammerschmidt Elem School
Grades K-5 · 391 students
Schafer Elem School
Grades K-5 · 352 students
Butterfield Elem School
Grades K-5 · 282 students
Manor Hill Elem School
Grades K-5 · 274 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lombard, IL?
Want a head-to-head view? Compare Lombard side-by-side with any other U.S. city using our market-comparison tool.
Is Lombard a good real estate investment market?
For investors evaluating Lombard, the price-to-rent ratio of 15.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 1.9% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lombard's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lombard's median home price.
Frequently asked questions
What is the average home price in Lombard?
The median home sale price in Lombard is $407,500, down 1.9% from last year.
How long do homes stay on market in Lombard?
Homes typically spend 43 days on market before going under contract.
What is the median income in Lombard?
The median household income is $97,253 per year.
Is Lombard a buyer's or seller's market?
With 2.7 months of supply, Lombard is currently a seller's market.
What is the Zillow home value estimate for Lombard?
The Zillow Home Value Index (ZHVI) for Lombard is $395,500, representing the typical home value in the area.
What is the median condo price in Lombard?
The median condo/co-op sale price in Lombard, IL is $222,500, compared to $453,750 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lombard?
The median single-family home price in Lombard, IL is $453,750 (about $272 per square foot).
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