Is Englewood, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Englewood is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Englewood has remained a Seller's Market.

Key Takeaway

Englewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Englewood, IL

How much do homes in Englewood, IL cost?

Median Sold Price

$195,269

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$35,936(+22.6%)

Key Takeaway

Homes in Englewood have sold for 22.6% more than they did a year ago.

Summary: The median home sold price in Englewood was $195,269 in December 2024, up 22.6% from last year, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $197.5K$185K
-6.3%
2 $94K$127.5K
+35.6%
3 $135K$160.5K
+18.9%
4 $124K$180K
+45.2%
5+ $206K$230K
+11.7%

Summary: Englewood housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 35.6%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 45.2%, and 5+ bedroom homes increased by 11.7%.

Median Sold Price Compared To Nearby Neighborhoods

Englewood
+22.6%
Fuller Park
+11.6%
Grand Crossing
+11.5%
New City
+8.6%

Housing Supply in Englewood, IL

How many homes are available in Englewood, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
264253-4.2%

Summary: The Englewood real estate market had 253 homes for sale in December 2024, a 4.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 1412
-14.3%
3 4750
+6.4%
4 5859
+1.7%
5+ 144132
-8.3%

Summary: The Englewood housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
5045-10.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Englewood, you may be able to get a good deal. 38.6% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in Englewood in December 2024, down by 10.0% month-over-month. Of the 44 sold homes, 39% were sold under asking, 23% were sold at asking, and 39% were sold over asking.

Days on Market for Englewood, IL

How long does it take to sell a home in Englewood, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
46 Days44 Days-5.7%

Summary: Homes in Englewood had an average of 44 days on market in Dec 2024, down by 5.7% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Englewood are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 45 homes were sold in Englewood; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

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