Is Glencoe, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Glencoe has remained a Seller's Market.
Housing Prices in Glencoe, IL
How much do homes in Glencoe, IL cost?
Median Sold Price
$1,385,462
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Glencoe was $1,385,462 in April 2024, up 3.6% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $268K | - | N/A |
2 Bedrooms | $303.7K | $291K | -4.2% |
3 Bedrooms | $637.5K | $712.5K | +11.8% |
4 Bedrooms | $1.3M | $1.3M | +6.0% |
5+ Bedrooms | $1.8M | $1.9M | +6.7% |
Summary: Glencoe housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
Northfield Township | $550.7K | $613.4K | +11.4% |
Winnetka | $1.3M | $1.5M | +11.0% |
Glencoe | $1.3M | $1.3M | +3.6% |
New Trier Township | $998.5K | $1.0M | 0.5% |
Northfield | $776K | $662K | -14.7% |
Housing Supply in Glencoe, IL
How many homes are available in Glencoe, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 52 | +36.8% |
Summary: The Glencoe real estate market had 52 homes for sale in April 2024, a 36.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 1 | 8 | +700.0% |
4 Bedrooms | 19 | 20 | +5.3% |
5+ Bedrooms | 16 | 21 | +31.3% |
Summary: The Glencoe housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 700%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 31.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Glencoe in April 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 20 Days | -42.6% |
Summary: Homes in Glencoe had an average of 20 days on market in Apr 2024, down by 42.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Glencoe; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.