Is Forest Glen, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Forest Glen is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Forest Glen, IL

How much do homes in Forest Glen, IL cost?

Median Sold Price

$567,500

$279/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$52,500(+10.2%)

Key Takeaway

Homes in Forest Glen have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in Forest Glen was $567,500 in December 2024, up 10.2% from last year, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $212.1K-
N/A
2 $379.9K$400.5K
+5.4%
3 $489K$550K
+12.5%
4 $719K$750K
+4.3%
5+ $562.5K$658K
+17.0%

Summary: Forest Glen housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 17%.

Housing Supply in Forest Glen, IL

How many homes are available in Forest Glen, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3630-16.7%

Summary: The Forest Glen real estate market had 30 homes for sale in December 2024, a 16.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 1813
-27.8%
4 96
-33.3%
5+ 34
+33.3%

Summary: The Forest Glen housing inventory by bedroom type for December 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 27.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Forest Glen, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Forest Glen in December 2024, down by 20.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for Forest Glen, IL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
13 Days30 Days+121.6%

Summary: Homes in Forest Glen had an average of 30 days on market in Dec 2024, up by 121.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 8 homes were sold in Forest Glen; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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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