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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Englewood is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Englewood has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Englewood, IL

How much do homes in Englewood, IL cost?

Median Sold Price

$168,350

$96/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$18,350(+12.2%)

Key Takeaway

Homes in Englewood have sold for 12.2% more than they did a year ago.

Summary: The median home sold price in Englewood was $168,350 in April 2024, up 12.2% from last year, and the median price per square foot was $96.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$197.5K
N/A
2 $75K$108K
+44.0%
3 $129K$136K
+5.4%
4 $125K$137.5K
+10.0%
5+ $202.5K$205K
+1.2%

Summary: Englewood 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 increased by 44%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 1.2%.

Median Sold Price Compared To Nearby Neighborhoods

New City
+16.7%
Englewood
+12.2%
Grand Crossing
-12.3%

Housing Supply in Englewood, IL

How many homes are available in Englewood, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
233252+8.2%

Summary: The Englewood real estate market had 252 homes for sale in April 2024, a 8.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1421
+50.0%
3 4751
+8.5%
4 5968
+15.3%
5+ 113112
-0.9%

Summary: The Englewood 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 8.5%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 0.9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4853+10.4%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Englewood, you may be able to get a good deal. 43.4% of homes here sold below asking price last month.

Summary: A total of 53 homes were sold or pending in Englewood in April 2024, up by 10.4% month-over-month. Of the 53 sold homes, 43% were sold under asking, 19% were sold at asking, and 38% were sold over asking.

Days on Market for Englewood, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
56 Days64 Days+13.5%

Summary: Homes in Englewood had an average of 64 days on market in Apr 2024, up by 13.5% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 53 homes were sold in Englewood; 51% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 26% 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 7 Days Ago

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