Is Glen Ellyn, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Glen Ellyn has remained a Seller's Market.
Housing Prices in Glen Ellyn, IL
How much do homes in Glen Ellyn, IL cost?
Median Sold Price
$474,500
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Glen Ellyn was $474,500 in June 2024, up 9.1% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $151K | $159K | +5.3% |
2 Bedrooms | $241.5K | $272.5K | +12.8% |
3 Bedrooms | $430K | $420K | -2.3% |
4 Bedrooms | $622.5K | $687.5K | +10.4% |
5+ Bedrooms | $787K | $930.9K | +18.3% |
Summary: Glen Ellyn housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 12.8%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 18.3%.
Median Sold Price Compared To Nearby Cities
Glen Ellyn | $434.9K | $474.5K | +9.1% |
Milton Township | $401.7K | $435.6K | +8.5% |
Wheaton | $397.2K | $427.6K | +7.7% |
Lombard | $313.6K | $330K | +5.2% |
York Township | $363.1K | $380.6K | +4.8% |
Housing Supply in Glen Ellyn, IL
How many homes are available in Glen Ellyn, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
120 | 135 | +12.5% |
Summary: The Glen Ellyn real estate market had 135 homes for sale in June 2024, a 12.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 17 | 22 | +29.4% |
3 Bedrooms | 52 | 48 | -7.7% |
4 Bedrooms | 39 | 47 | +20.5% |
5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The Glen Ellyn housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 29.4%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
38 | 47 | +23.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in Glen Ellyn in June 2024, up by 23.7% month-over-month. Of the 47 sold homes, 32% were sold under asking, 19% were sold at asking, and 49% were sold over asking.
Days on Market for Glen Ellyn, IL
How long does it take to sell a home in Glen Ellyn, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
10 Days | 12 Days | +24.1% |
Summary: Homes in Glen Ellyn had an average of 12 days on market in Jun 2024, up by 24.1% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 47 homes were sold in Glen Ellyn; 94% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.