Is Glenwood, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Glenwood has remained a Seller's Market.
Housing Prices in Glenwood, IL
How much do homes in Glenwood, IL cost?
Median Sold Price
$200,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Glenwood was $200,000 in May 2024, up 11.1% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $53K | $65.9K | +24.3% |
2 Bedrooms | $103.2K | $120K | +16.2% |
3 Bedrooms | $199.4K | $217K | +8.8% |
4 Bedrooms | $221K | $233K | +5.4% |
5+ Bedrooms | $252.5K | $250K | -1.0% |
Summary: Glenwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.3%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
Glenwood | $180K | $200K | +11.1% |
Lynwood | $264.9K | $292.5K | +10.4% |
Chicago Heights | $174.7K | $185K | +5.9% |
Bloom Township | $188.4K | $195.8K | +3.9% |
Housing Supply in Glenwood, IL
How many homes are available in Glenwood, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 39 | -17.0% |
Summary: The Glenwood real estate market had 39 homes for sale in May 2024, a 17.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 20 | 17 | -15.0% |
4 Bedrooms | 8 | 2 | -75.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Glenwood 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 increased by 6.7%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 14 | -6.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Glenwood in May 2024, down by 6.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 15 Days | -52.3% |
Summary: Homes in Glenwood had an average of 15 days on market in May 2024, down by 52.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Glenwood; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.