Is Edgewater Glen, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Edgewater Glen is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Edgewater Glen has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Edgewater Glen, IL

How much do homes in Edgewater Glen, IL cost?

Median Sold Price

$392,450

-

Based on all homes sold in April 2024.

Difference Since Last Month

-$41,550(-9.6%)

Key Takeaway

Homes in Edgewater Glen have sold for 9.6% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $320K$445K
+39.1%
3 $555K$339.9K
-38.8%
4 --
N/A
5+ $434K-
N/A

Summary: Edgewater Glen housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.1%, 3 bedroom homes decreased by 38.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Edgewater Glen, IL

How many homes are available in Edgewater Glen, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
76-14.3%

Summary: The Edgewater Glen real estate market had 6 homes for sale in April 2024, a 14.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 21
-50.0%
4 00
0.0%
5+ 21
-50.0%

Summary: The Edgewater Glen 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 33.3%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Edgewater Glen, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Edgewater Glen in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Edgewater Glen, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
6 Days5 Days-13.2%

Summary: Homes in Edgewater Glen had an average of 5 days on market in Apr 2024, down by 13.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 2 homes were sold in Edgewater Glen; 100% of homes were sold within 30 days, 0% 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 6 Days Ago

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