Is Glen Ellyn, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$449,104
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since March 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 $449,104 in March 2024, up 0.1% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150.2K | $156.2K | +4.0% |
| 2 Bedrooms | $211.7K | $272.5K | +28.7% |
| 3 Bedrooms | $430K | $410K | -4.7% |
| 4 Bedrooms | $665K | $645.2K | -3.0% |
| 5+ Bedrooms | $870K | $935K | +7.5% |
Summary: Glen Ellyn housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 28.7%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Wheaton | $384.7K | $425K | +10.5% |
| Lombard | $303K | $325.1K | +7.3% |
| Milton Township | $400.4K | $425K | +6.1% |
| York Township | $364.8K | $374.9K | +2.8% |
| Glen Ellyn | $448.7K | $449.1K | 0.1% |
Housing Supply in Glen Ellyn, IL
How many homes are available in Glen Ellyn, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 93 | 105 | +12.9% |
Summary: The Glen Ellyn real estate market had 105 homes for sale in March 2024, a 12.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 34 | 37 | +8.8% |
| 4 Bedrooms | 27 | 37 | +37.0% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Glen Ellyn housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 37%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 35 | +66.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glen Ellyn, you could pay more than the asking price. 48.6% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Glen Ellyn in March 2024, up by 66.7% month-over-month. Of the 35 sold homes, 40% were sold under asking, 11% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 29 Days | 9 Days | -66.3% |
Summary: Homes in Glen Ellyn had an average of 9 days on market in Mar 2024, down by 66.3% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glen Ellyn are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 35 homes were sold in Glen Ellyn; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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