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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Glen Ellyn is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Glen Ellyn 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 Glen Ellyn, IL

How much do homes in Glen Ellyn, IL cost?

Median Sold Price

$483,750

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,916(+6.8%)

Key Takeaway

Homes in Glen Ellyn have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Glen Ellyn was $483,750 in October 2024, up 6.8% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $156K$158K
+1.3%
2 $262.5K$270K
+2.9%
3 $430K$427.5K
-0.6%
4 $636K$635K
-0.2%
5+ $812K$930.9K
+14.6%

Summary: Glen Ellyn housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 14.6%.

Median Sold Price Compared To Nearby Cities

Wheaton
+9.1%
Lombard
+8.7%
York Township
+8.2%
Milton Township
+7.2%
Glen Ellyn
+6.8%

Housing Supply in Glen Ellyn, IL

How many homes are available in Glen Ellyn, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
94111+18.1%

Summary: The Glen Ellyn real estate market had 111 homes for sale in October 2024, a 18.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 45
+25.0%
2 1319
+46.2%
3 3645
+25.0%
4 3434
0.0%
5+ 78
+14.3%

Summary: The Glen Ellyn housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 46.2%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3318-45.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glen Ellyn, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Glen Ellyn in October 2024, down by 45.5% month-over-month. Of the 18 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% 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

Oct 2023Oct 2024CHANGE
19 Days19 Days+1.9%

Summary: Homes in Glen Ellyn had an average of 19 days on market in Oct 2024, up by 1.9% compared to last year.

Breakdown of Home Sale Times

14 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 Glen Ellyn are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 18 homes were sold in Glen Ellyn; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% 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 16 Days Ago

Newest Listings in Glen Ellyn, IL

Nearby Markets to Glen Ellyn, IL

What housing markets are near Glen Ellyn, IL?