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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Glenwood is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Glenwood, IL

How much do homes in Glenwood, IL cost?

Median Sold Price

$196,450

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$15,450(+8.5%)

Key Takeaway

Homes in Glenwood have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Glenwood was $196,450 in September 2024, up 8.5% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $52.5K$65.9K
+25.5%
2 $101.5K$120K
+18.2%
3 $195K$210K
+7.7%
4 $235K$238K
+1.3%
5+ $260K$235K
-9.6%

Summary: Glenwood housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.5%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 9.6%.

Median Sold Price Compared To Nearby Cities

Thornton
+15.8%
Glenwood
+8.5%
Bloom Township
+6.9%
Chicago Heights
+5.1%
Lynwood
-4.2%

Housing Supply in Glenwood, IL

How many homes are available in Glenwood, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4041+2.5%

Summary: The Glenwood real estate market had 41 homes for sale in September 2024, a 2.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 1112
+9.1%
3 2219
-13.6%
4 67
+16.7%
5+ 12
+100.0%

Summary: The Glenwood housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
158-46.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glenwood, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Glenwood in September 2024, down by 46.7% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.

Days on Market for Glenwood, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
32 Days20 Days-36.9%

Summary: Homes in Glenwood had an average of 20 days on market in Sep 2024, down by 36.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 8 homes were sold in Glenwood; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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 29 Days Ago

Newest Listings in Glenwood, IL

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