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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Englewood is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Englewood was a Seller's Market.

Key Takeaway

Englewood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Englewood, IL

How much do homes in Englewood, IL cost?

Median Sold Price

$194,800

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$38,133(+24.3%)

Key Takeaway

Homes in Englewood have sold for 24.3% more than they did a year ago.

Summary: The median home sold price in Englewood was $194,800 in November 2024, up 24.3% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $197.5K-
N/A
2 $98K$130K
+32.7%
3 $140K$162.5K
+16.1%
4 $116.7K$186K
+59.4%
5+ $208.8K$217.2K
+4.0%

Summary: Englewood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.7%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 59.4%, and 5+ bedroom homes increased by 4%.

Median Sold Price Compared To Nearby Neighborhoods

Englewood
+24.3%
Fuller Park
+17.8%
New City
+13.4%
Grand Crossing
+4.7%
Washington Park
-2.7%

Housing Supply in Englewood, IL

How many homes are available in Englewood, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
262284+8.4%

Summary: The Englewood real estate market had 284 homes for sale in November 2024, a 8.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1214
+16.7%
3 5956
-5.1%
4 6164
+4.9%
5+ 129149
+15.5%

Summary: The Englewood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 15.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3844+15.8%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Englewood, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 44 homes were sold or pending in Englewood in November 2024, up by 15.8% month-over-month. Of the 44 sold homes, 39% were sold under asking, 11% were sold at asking, and 50% 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

Nov 2023Nov 2024CHANGE
46 Days41 Days-12.4%

Summary: Homes in Englewood had an average of 41 days on market in Nov 2024, down by 12.4% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 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 November 2024, 44 homes were sold in Englewood; 70% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 14% 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 2 Days Ago

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