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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Glencoe is a seller's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Glencoe was a Neutral Market.

Key Takeaway

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

Housing Prices in Glencoe, IL

How much do homes in Glencoe, IL cost?

Median Sold Price

$1,385,000

$391/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$86,000(+6.6%)

Key Takeaway

Homes in Glencoe have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Glencoe was $1,385,000 in May 2024, up 6.6% from last year, and the median price per square foot was $391.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $268K-
N/A
2 $287.5K$380K
+32.2%
3 $631.2K$712.5K
+12.9%
4 $1.2M$1.5M
+27.0%
5+ $1.9M$1.9M
+2.1%

Summary: Glencoe housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.2%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 27%, and 5+ bedroom homes increased by 2.1%.

Median Sold Price Compared To Nearby Cities

Winnetka
+12.8%
Northfield Township
+9.2%
Glencoe
+6.6%
New Trier Township
+4.8%
Northfield
-14.7%

Housing Supply in Glencoe, IL

How many homes are available in Glencoe, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5264+23.1%

Summary: The Glencoe real estate market had 64 homes for sale in May 2024, a 23.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 68
+33.3%
4 2429
+20.8%
5+ 1723
+35.3%

Summary: The Glencoe housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 35.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
912+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glencoe, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Glencoe in May 2024, up by 33.3% month-over-month. Of the 12 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Glencoe, IL

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

Average Sale Time

May 2023May 2024CHANGE
19 Days23 Days+15.6%

Summary: Homes in Glencoe had an average of 23 days on market in May 2024, up by 15.6% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 12 homes were sold in Glencoe; 92% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% 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 1 Day Ago

Newest Listings in Glencoe, IL

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