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 November 2021

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.

How much do homes in Glencoe, IL cost?

Median Sold Price

$1,350,011

$353/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$312,511(+30.1%)

Key Takeaway

Homes in Glencoe have sold for 30.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$268K
N/A
2 $250K$306K
+22.4%
3 $652.6K$708.5K
+8.6%
4 $1.1M$1.3M
+10.7%
5+ $1.4M$1.8M
+30.2%

Median Sold Price Compared To Nearby Cities

Glencoe
+30.1%
New Trier Township
+13.0%
Winnetka
+12.9%
Northfield
+6.6%
Northfield Township
+3.1%

How many homes are available in Glencoe, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
4342-2.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 44
0.0%
3 32
-33.3%
4 1716
-5.9%
5+ 1920
+5.3%

Number of Homes Sold

Oct 2022Nov 2022%
98-11.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was 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.

Average Sale Time

Nov 2021Nov 2022%
46 Days23 Days-50.3%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was 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.

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

About Glencoe, IL

Homes for sale in Glencoe, IL have reached 42. The inventory of homes for sale in Glencoe, IL between October 2022 and November 2022 decreased by 2.3%. While the average time on the market in November 2022 was 23 days, the median list price was $1,350,011. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties increased by 22.4%, 3 bedrooms properties prices increased by 8.6%, prices of 4 bedrooms properties increased by 10.7%, the cost of 5 bedrooms properties went up by 30.2%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes did not move, number of 3 bedrooms homes decreased by 33.3%, 4 bedrooms homes became 5.9% less available, the quantity of 5 bedrooms homes went up by 5.3%. In November 2022, from all listings sold in Glencoe, IL there were more than 1 sold above asking price, over 5 sold below and more than 2 were sold right at the asked price.

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