Is Glenwood, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Glenwood is a buyer's market

Buyer's
Market

Difference Since July 2021

At the same time last year, Glenwood was a Neutral Market.

Key Takeaway

Glenwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Glenwood, IL cost?

Median Sold Price

$188,500

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$30,550(+19.3%)

Key Takeaway

Homes in Glenwood have sold for 19.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $39.9K$59K
+47.9%
2 $73.5K$104K
+41.5%
3 $162.4K$210K
+29.3%
4 $192.9K$211.5K
+9.6%
5+ $253.5K$262.4K
+3.5%

Median Sold Price Compared To Nearby Cities

Glenwood
+19.3%
Chicago Heights
+14.6%
Thornton
+14.3%
Bloom Township
+10.6%

How many homes are available in Glenwood, IL?

Number of Homes For Sale

Jun 2022Jul 2022%
4846-4.2%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 10
-100.0%
2 1012
+20.0%
3 1919
0.0%
4 1612
-25.0%
5+ 23
+50.0%

Number of Homes Sold

Jun 2022Jul 2022%
165-68.8%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glenwood, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
8 Days6 Days-30.4%

Breakdown of Home Sale Times

5 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 Glenwood 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 Glenwood, IL

Glenwood, IL has 46 homes on the market. Between June 2022 and July 2022, Glenwood, IL real estate market has seen decrease in the number of listings by 4.2%. Listings spent 6 days on the market in July 2022, and had a median list price of $188,500 during the same period. Real estate listing prices changed between June 2022 and July 2022: 1 bedroom properties prices increased by 47.9%, prices of 2 bedrooms properties went up by 41.5%, the cost of 3 bedrooms properties went up by 29.3%, 4 bedrooms properties became 9.6% more expensive, 5 bedrooms properties prices increased by 3.5%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went down by 100%, the quantity of 2 bedrooms homes went up by 20%, the quantity of 3 bedrooms homes have not changed, 4 bedrooms homes became 25% less available, number of 5 bedrooms homes increased by 50%. Glenwood, IL housing market in July 2022 saw over 3 listings sold above listed price, more than 0 sold at listed price and over 2 sold below.

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