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 September 2023

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.

Housing Prices in Glendale Heights, IL

How much do homes in Glendale Heights, IL cost?

Median Sold Price

$289,300

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$40,133(+16.1%)

Key Takeaway

Homes in Glendale Heights have sold for 16.1% more than they did a year ago.

Summary: The median home sold price in Glendale Heights was $289,300 in September 2024, up 16.1% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $112.2K$128K
+14.0%
2 $170K$200K
+17.6%
3 $285K$305K
+7.0%
4 $320K$380K
+18.8%
5+ $305K$315K
+3.3%

Summary: Glendale Heights housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 3.3%.

Median Sold Price Compared To Nearby Cities

Glendale Heights
+16.1%
Carol Stream
+14.5%
Milton Township
+11.3%
Bloomingdale Township
+8.7%
Bloomingdale
+3.0%

Housing Supply in Glendale Heights, IL

How many homes are available in Glendale Heights, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7080+14.3%

Summary: The Glendale Heights real estate market had 80 homes for sale in September 2024, a 14.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 12
+100.0%
2 4034
-15.0%
3 1931
+63.2%
4 1012
+20.0%
5+ 01
+100.0%

Summary: The Glendale Heights housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 63.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2616-38.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glendale Heights, you could pay more than the asking price. 68.8% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in Glendale Heights in September 2024, down by 38.5% month-over-month. Of the 16 sold homes, 13% were sold under asking, 19% were sold at asking, and 69% were sold over asking.

Days on Market for Glendale Heights, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
14 Days14 Days+4.0%

Summary: Homes in Glendale Heights had an average of 14 days on market in Sep 2024, up by 4% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 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.

Summary: During September 2024, 16 homes were sold in Glendale Heights; 88% of homes were sold within 30 days, 13% 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 14 Days Ago

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