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 November 2023

At the same time last year, Glenwood was a Buyer'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

$190,000

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,000(+2.7%)

Key Takeaway

Homes in Glenwood have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Glenwood was $190,000 in November 2024, up 2.7% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $57.9K$75K
+29.4%
2 $122K$120K
-1.6%
3 $195K$210K
+7.7%
4 $236K$237.5K
+0.6%
5+ $252.5K$235K
-6.9%

Summary: Glenwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.4%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 6.9%.

Median Sold Price Compared To Nearby Cities

Thornton
+24.2%
Glenwood
+2.7%
Bloom Township
+2.4%
Chicago Heights
+0.7%
Lynwood
-6.3%

Housing Supply in Glenwood, IL

How many homes are available in Glenwood, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
41410.0%

Summary: The Glenwood real estate market had 41 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 1111
0.0%
3 1920
+5.3%
4 88
0.0%
5+ 00
0.0%

Summary: The Glenwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was 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. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Glenwood in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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

Nov 2023Nov 2024CHANGE
49 Days37 Days-24.1%

Summary: Homes in Glenwood had an average of 37 days on market in Nov 2024, down by 24.1% compared to last year.

Breakdown of Home Sale Times

3 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 Glenwood are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in Glenwood; 43% of homes were sold within 30 days, 43% 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

Newest Listings in Glenwood, IL

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