Lombard home prices rise in the first quarter of 2020
The median sale price of a home sold in the first quarter of 2020 in Lombard rose by $5,000 while total sales increased by 21.9%, according to BlockShopper.com.
From January through March of 2020, there were 128 homes sold, with a median sale price of $245,000 - a 2.1% increase over the $240,000 median sale price for the same period of the previous year. There were 105 homes sold in Lombard in the first quarter of 2019.
The median sales tax in Lombard for the most recent year with available data, 2018, was $5,761, approximately 2.4% of the median home sale price for the first quarter of 2020.
The following table compares Lombard to other DuPage County cities with similar median sales prices in the first quarter of 2020:
| City | Jan. - Mar. 2020 Home Sales | Jan. - Mar. 2019 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2020 Median Sales Price | Jan. - Mar. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Itasca | 29 | 15 | 93.3% | $275,000 | $265,000 | 3.8% |
| Bartlett | 60 | 60 | 0% | $270,000 | $266,000 | 1.5% |
| Winfield | 18 | 15 | 20% | $265,000 | $290,000 | -8.6% |
| Bloomingdale | 56 | 61 | -8.2% | $262,500 | $243,000 | 8% |
| Darien | 94 | 63 | 49.2% | $261,250 | $277,000 | -5.7% |
| Lombard | 128 | 105 | 21.9% | $245,000 | $240,000 | 2.1% |
| Woodridge | 69 | 53 | 30.2% | $236,000 | $257,000 | -8.2% |
| Willowbrook | 41 | 20 | 105% | $235,000 | $186,250 | 26.2% |
| Villa Park | 58 | 43 | 34.9% | $233,500 | $233,000 | 0.2% |
| Oakbrook Terrace | 3 | 1 | 200% | $231,000 | $200,000 | 15.5% |
| Addison | 100 | 53 | 88.7% | $226,500 | $220,000 | 3% |