Is Englewood, 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, Englewood has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $197.5K | N/A |
2 Bedrooms | $75K | $108K | +44.0% |
3 Bedrooms | $129K | $136K | +5.4% |
4 Bedrooms | $125K | $137.5K | +10.0% |
5+ Bedrooms | $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 | $204K | $238K | +16.7% |
Englewood | $150K | $168.3K | +12.2% |
Grand Crossing | $203K | $178K | -12.3% |
Housing Supply in Englewood, IL
How many homes are available in Englewood, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
233 | 252 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 21 | +50.0% |
3 Bedrooms | 47 | 51 | +8.5% |
4 Bedrooms | 59 | 68 | +15.3% |
5+ Bedrooms | 113 | 112 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 53 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 64 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
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.