Lake Bluff, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lake Bluff, IL Real Estate Data


Lake Bluff Housing Market Information

With 5,674 people, 2,079 houses or apartments, and a median cost of homes of $727,763, Lake Bluff house prices are not only among the most expensive in Illinois, Lake Bluff real estate also is some of the most expensive in all of America.

Lake Bluff is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Lake Bluff than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lake Bluff. Owner-occupied housing accounts for 84.80% of Lake Bluff's homes, and 74.89% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lake Bluff built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lake Bluff built between 1940-1969 ( 37.80%). A lesser amount of the housing stock also hails from before 1939 ( 13.68%). There's also some housing in Lake Bluff built between 2000 and later ( 7.87%).

Lake Bluff Home Appreciation Rates

Real estate appreciation rates in Lake Bluff's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.33% during the period.

NeighborhoodScout's data show that during the latest twelve months, Lake Bluff's appreciation rate, at 4.57%, has been at or slightly above the national average. In the latest quarter, Lake Bluff's appreciation rate has been 1.63%, which annualizes to a rate of 6.69%.

Relative to Illinois, our data show that Lake Bluff's latest annual appreciation rate is lower than 50% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$727,763

Lake Bluff, IL HOME PRICES

Value Range
> $1,149,000 15.7
$862,001 - $1,149,000 10.5
$574,001 - $862,000 30.0
$460,001 - $574,000 17.3
$344,001 - $460,000 11.3
$230,001 - $344,000 7.3
$115,001 - $230,000 1.8
$57,001 - $115,000 3.7
$0 - $57,000 2.4

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
2.5941324588628 1.26582278481013

Number Of Homes And Apartments:
2,079

Rent & Ownership

 

Average Market Rent:
$1,525 / per month

Homeownership Rate

Homeownership
Owners 84.80
Renters 15.20
Vacant 2.62

Housing Market Details

 

Age of Homes

AGE OF Lake Bluff HOMES
2000 or Newer 7.9
1970 - 1999 40.7
1940 - 1969 37.8
1939 or Older 13.7

Types of Homes

TYPE OF Lake Bluff HOMES
Single-Family 88.7
Townhomes 4.7
Small Apt. Buildings 2.9
Apt. Complexes 3.5
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Lake Bluff HOMES
No Bedroom 0.14
1 Bedroom 2.15
2 Bedrooms 11.19
3 Bedrooms 36.49
4 Bedrooms 38.41
5 or more bedrooms 11.62

Lake Bluff Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
43.52% 2.15% 9 5
* 10 is highest