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 March 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

$1,349,917

$386/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$3,088(-0.2%)

Key Takeaway

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

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

# BEDSMar 2023Mar 2024CHANGE
1 $268K-
N/A
2 $286K$287.5K
0.5%
3 $715K$708.2K
-0.9%
4 $1.3M$1.3M
+5.0%
5+ $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
+12.4%
Northfield Township
+8.9%
New Trier Township
+4.6%
Glencoe
-0.2%
Northfield
-15.0%

Housing Supply in Glencoe, IL

How many homes are available in Glencoe, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3845+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 21
-50.0%
4 1619
+18.8%
5+ 2024
+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 2024Mar 2024CHANGE
49+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glencoe, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

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 2023Mar 2024CHANGE
28 Days7 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

Newest Listings in Glencoe, IL

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