Cheap Homes in Lombard, IL

Current Market Conditions in Lombard, IL

The Lombard real estate market has been experiencing a steady increase in demand, with home prices rising by about 5% over the past year. This trend is driven by the area’s desirable location, family-oriented amenities, and quality schools. Homes in Lombard typically sell quickly, indicating a competitive market.

Inventory levels have decreased slightly, which can create opportunities for sellers to gain higher prices for their properties. Buyers may face challenges in finding their ideal home due to limited availability. Overall, Lombard remains a strong market with a healthy mix of buyers and sellers.

Rent Prices In Lombard, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lombard, IL, is on a rollercoaster ride. The average rent price in Lombard, IL, is $1,879.00. Indeed, when looking to rent in Lombard, IL, you can expect to pay as little as $760.00 or as much as $4,320.00, with the average rent median estimated to be $1,850.00. The good news is that finding an affordable and desirable property to rent in Lombard, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.