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 December 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

$187,500

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$3,000(-1.6%)

Key Takeaway

Homes in Glenwood have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in Glenwood was $187,500 in December 2024, down 1.6% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $57.9K$69.1K
+19.2%
2 $114K$120K
+5.3%
3 $196K$205K
+4.6%
4 $239.9K$233K
-2.9%
5+ $245K$250K
+2.0%

Summary: Glenwood housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Cities

Bloom Township
+1.5%
Glenwood
-1.6%
Lynwood
-3.6%
Chicago Heights
-4.3%

Housing Supply in Glenwood, IL

How many homes are available in Glenwood, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
34340.0%

Summary: The Glenwood real estate market had 34 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 109
-10.0%
3 1720
+17.6%
4 53
-40.0%
5+ 00
0.0%

Summary: The Glenwood 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 decreased by 10%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 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 6 homes were sold or pending in Glenwood in December 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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

Dec 2023Dec 2024CHANGE
41 Days29 Days-29.3%

Summary: Homes in Glenwood had an average of 29 days on market in Dec 2024, down by 29.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were 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 December 2024, 6 homes were sold in Glenwood; 67% of homes were sold within 30 days, 33% 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 5 Days Ago

Newest Listings in Glenwood, IL

Nearby Markets to Glenwood, IL

What housing markets are near Glenwood, IL?