Is Glen Ellyn, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Glen Ellyn has remained a Seller's Market.
Housing Prices in Glen Ellyn, IL
How much do homes in Glen Ellyn, IL cost?
Median Sold Price
$461,500
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Glen Ellyn was $461,500 in May 2024, up 3.7% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150.2K | $158K | +5.2% |
2 Bedrooms | $244K | $265K | +8.6% |
3 Bedrooms | $430K | $415K | -3.5% |
4 Bedrooms | $640K | $633.7K | -1.0% |
5+ Bedrooms | $820K | $945.4K | +15.3% |
Summary: Glen Ellyn housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 8.6%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 15.3%.
Median Sold Price Compared To Nearby Cities
Wheaton | $388.9K | $434.5K | +11.7% |
Milton Township | $399.9K | $435.3K | +8.8% |
Lombard | $308.8K | $328.6K | +6.4% |
Glen Ellyn | $444.9K | $461.5K | +3.7% |
York Township | $363.9K | $377.1K | +3.6% |
Housing Supply in Glen Ellyn, IL
How many homes are available in Glen Ellyn, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
123 | 131 | +6.5% |
Summary: The Glen Ellyn real estate market had 131 homes for sale in May 2024, a 6.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 18 | 21 | +16.7% |
3 Bedrooms | 47 | 53 | +12.8% |
4 Bedrooms | 41 | 43 | +4.9% |
5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Glen Ellyn housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 35 | -25.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Glen Ellyn in May 2024, down by 25.5% month-over-month. Of the 35 sold homes, 43% were sold under asking, 9% were sold at asking, and 49% were sold over asking.
Days on Market for Glen Ellyn, IL
How long does it take to sell a home in Glen Ellyn, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 15 Days | +31.5% |
Summary: Homes in Glen Ellyn had an average of 15 days on market in May 2024, up by 31.5% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 35 homes were sold in Glen Ellyn; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.