Is Glendale Heights, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Glendale Heights is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Glendale Heights, IL cost?

Median Sold Price

$240,361

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$15,361(+6.8%)

Key Takeaway

Homes in Glendale Heights have sold for 6.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $90K$97K
+7.8%
2 $158.2K$140.5K
-11.2%
3 $255K$266K
+4.3%
4 $290K$325K
+12.1%
5+ $285K$325K
+14.0%

Median Sold Price Compared To Nearby Cities

Carol Stream
+9.8%
Bloomingdale
+7.3%
Glendale Heights
+6.8%
Bloomingdale Township
+5.7%
Milton Township
+3.6%

How many homes are available in Glendale Heights, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
8774-14.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 33
0.0%
2 2323
0.0%
3 4533
-26.7%
4 1313
0.0%
5+ 32
-33.3%

Number of Homes Sold

Oct 2022Nov 2022%
3622-38.9%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glendale Heights, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
21 Days25 Days+19.7%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Glendale Heights 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 Glendale Heights, IL

Glendale Heights, IL has 74 homes on the market. The inventory of homes for sale in Glendale Heights, IL between October 2022 and November 2022 decreased by 14.9%. The median list price of listings available in November 2022 was $240,361, while the average time on the real estate market was 25 days. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties became 7.8% more expensive, the cost of 2 bedrooms properties went down by 11.2%, prices of 3 bedrooms properties went up by 4.3%, 4 bedrooms properties prices increased by 12.1%, 5 bedrooms properties prices increased by 14%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, 2 bedrooms homes did not move, the quantity of 3 bedrooms homes went down by 26.7%, number of 4 bedrooms homes remained the same, number of 5 bedrooms homes decreased by 33.3%. While more than 7 listings in Glendale Heights, IL in November 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 13 were sold below.

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