Is Glencoe, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Glencoe was a Neutral Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $268K | - | N/A |
2 Bedrooms | $287.5K | $380K | +32.2% |
3 Bedrooms | $631.2K | $712.5K | +12.9% |
4 Bedrooms | $1.2M | $1.5M | +27.0% |
5+ Bedrooms | $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 | $1.4M | $1.5M | +12.8% |
Northfield Township | $564.2K | $616.2K | +9.2% |
Glencoe | $1.2M | $1.3M | +6.6% |
New Trier Township | $998K | $1.0M | +4.8% |
Northfield | $800K | $682.5K | -14.7% |
Housing Supply in Glencoe, IL
How many homes are available in Glencoe, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 64 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 6 | 8 | +33.3% |
4 Bedrooms | 24 | 29 | +20.8% |
5+ Bedrooms | 17 | 23 | +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 2024 | May 2024 | CHANGE |
---|---|---|
9 | 12 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 23 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
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.