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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Glencoe is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Glencoe, IL

How much do homes in Glencoe, IL cost?

Median Sold Price

$1,600,000

$390/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$300,500(+23.1%)

Key Takeaway

Homes in Glencoe have sold for 23.1% more than they did a year ago.

Summary: The median home sold price in Glencoe was $1,600,000 in September 2024, up 23.1% from last year, and the median price per square foot was $390.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $287.5K$427.5K
+48.7%
3 $687.5K$762.5K
+10.9%
4 $1.2M$1.6M
+25.7%
5+ $2.1M$2.0M
-1.0%

Summary: Glencoe housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 48.7%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes decreased by 1%.

Median Sold Price Compared To Nearby Cities

Glencoe
+23.1%
New Trier Township
+20.3%
Winnetka
+12.6%
Northfield Township
+8.8%
Northfield
-4.1%

Housing Supply in Glencoe, IL

How many homes are available in Glencoe, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4030-25.0%

Summary: The Glencoe real estate market had 30 homes for sale in September 2024, a 25.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 63
-50.0%
4 1814
-22.2%
5+ 1513
-13.3%

Summary: The Glencoe housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 13.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
188-55.6%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glencoe, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Glencoe in September 2024, down by 55.6% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.

Days on Market for Glencoe, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
25 Days26 Days+5.3%

Summary: Homes in Glencoe had an average of 26 days on market in Sep 2024, up by 5.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 8 homes were sold in Glencoe; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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 10 Days Ago

Newest Listings in Glencoe, IL

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