Is Glendale Heights, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Glendale Heights is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Glendale Heights, IL

How much do homes in Glendale Heights, IL cost?

Median Sold Price

$290,000

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,000(+16.0%)

Key Takeaway

Homes in Glendale Heights have sold for 16% more than they did a year ago.

Summary: The median home sold price in Glendale Heights was $290,000 in October 2024, up 16% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $118.5K$131K
+10.5%
2 $170K$190K
+11.8%
3 $286K$312K
+9.1%
4 $320K$381K
+19.1%
5+ $315K$315K
0.0%

Summary: Glendale Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Glendale Heights
+16.0%
Carol Stream
+12.9%
Bloomingdale Township
+9.6%
Milton Township
+7.2%
Bloomingdale
+4.0%

Housing Supply in Glendale Heights, IL

How many homes are available in Glendale Heights, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7094+34.3%

Summary: The Glendale Heights real estate market had 94 homes for sale in October 2024, a 34.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 25
+150.0%
2 3035
+16.7%
3 2938
+31.0%
4 815
+87.5%
5+ 11
0.0%

Summary: The Glendale Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 31%, 4 bedroom homes increased by 87.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1725+47.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glendale Heights, you could pay more than the asking price. 56% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in Glendale Heights in October 2024, up by 47.1% month-over-month. Of the 25 sold homes, 24% were sold under asking, 20% were sold at asking, and 56% were sold over asking.

Days on Market for Glendale Heights, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days21 Days+36.6%

Summary: Homes in Glendale Heights had an average of 21 days on market in Oct 2024, up by 36.6% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 25 homes were sold in Glendale Heights; 76% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% 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 Glendale Heights, IL

Nearby Markets to Glendale Heights, IL

What housing markets are near Glendale Heights, IL?