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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Glen Ellyn is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Glen Ellyn, IL

How much do homes in Glen Ellyn, IL cost?

Median Sold Price

$450,000

$242/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since February 2023.

Key Takeaway

The sold price of homes in Glen Ellyn has remained the same since last year.

Summary: The median home sold price in Glen Ellyn was $450,000 in February 2024, the same as last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $149.5K$157K
+5.0%
2 $211.7K$268.7K
+26.9%
3 $430K$411.2K
-4.4%
4 $699K$625K
-10.6%
5+ $900K$812K
-9.8%

Summary: Glen Ellyn housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 26.9%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes decreased by 9.8%.

Median Sold Price Compared To Nearby Cities

Wheaton
+9.8%
Lombard
+9.0%
Milton Township
+5.7%
York Township
+3.1%
Glen Ellyn
0.0%

Housing Supply in Glen Ellyn, IL

How many homes are available in Glen Ellyn, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6892+35.3%

Summary: The Glen Ellyn real estate market had 92 homes for sale in February 2024, a 35.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 24
+100.0%
2 915
+66.7%
3 2836
+28.6%
4 2227
+22.7%
5+ 710
+42.9%

Summary: The Glen Ellyn housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2520-20.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glen Ellyn, you may be able to get a good deal. 65% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Glen Ellyn in February 2024, down by 20.0% month-over-month. Of the 20 sold homes, 65% were sold under asking, 15% were sold at asking, and 20% 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

Feb 2023Feb 2024CHANGE
27 Days31 Days+17.0%

Summary: Homes in Glen Ellyn had an average of 31 days on market in Feb 2024, up by 17% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Glen Ellyn has remained consistent over time.

Summary: During February 2024, 20 homes were sold in Glen Ellyn; 45% of homes were sold within 30 days, 55% 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 3 Days Ago

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