Is Glencoe, 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, Glencoe has remained a Seller's Market.
Housing Prices in Glencoe, IL
How much do homes in Glencoe, IL cost?
Median Sold Price
$1,349,917
$386/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Glencoe was $1,349,917 in March 2024, down 0.2% from last year, and the median price per square foot was $386.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $268K | - | N/A |
2 Bedrooms | $286K | $287.5K | 0.5% |
3 Bedrooms | $715K | $708.2K | -0.9% |
4 Bedrooms | $1.3M | $1.3M | +5.0% |
5+ Bedrooms | $1.9M | $1.9M | +2.6% |
Summary: Glencoe housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
Winnetka | $1.3M | $1.5M | +12.4% |
Northfield Township | $550.8K | $599.8K | +8.9% |
New Trier Township | $990.7K | $1.0M | +4.6% |
Glencoe | $1.3M | $1.3M | -0.2% |
Northfield | $775.5K | $659K | -15.0% |
Housing Supply in Glencoe, IL
How many homes are available in Glencoe, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 45 | +18.4% |
Summary: The Glencoe real estate market had 45 homes for sale in March 2024, a 18.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 2 | 1 | -50.0% |
4 Bedrooms | 16 | 19 | +18.8% |
5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The Glencoe housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 9 | +125.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Glencoe in March 2024, up by 125.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 7 Days | -73.0% |
Summary: Homes in Glencoe had an average of 7 days on market in Mar 2024, down by 73% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Glencoe; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.