Is Glenwood, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Glenwood has remained a Seller's Market.
Housing Prices in Glenwood, IL
How much do homes in Glenwood, IL cost?
Median Sold Price
$200,500
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Glenwood was $200,500 in April 2024, up 13.6% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $53K | $65.9K | +24.3% |
2 Bedrooms | $105K | $120K | +14.3% |
3 Bedrooms | $194.4K | $218K | +12.1% |
4 Bedrooms | $207K | $233K | +12.6% |
5+ Bedrooms | $245K | $226.2K | -7.7% |
Summary: Glenwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes decreased by 7.7%.
Median Sold Price Compared To Nearby Cities
Glenwood | $176.5K | $200.5K | +13.6% |
Lynwood | $263.5K | $295K | +12.0% |
Chicago Heights | $171.9K | $185.3K | +7.8% |
Bloom Township | $184.9K | $195.3K | +5.6% |
Housing Supply in Glenwood, IL
How many homes are available in Glenwood, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 51 | 0.0% |
Summary: The Glenwood real estate market had 51 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 23 | 21 | -8.7% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Glenwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Glenwood in April 2024, the same as the previous month. Of the 14 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.
Days on Market for Glenwood, IL
How long does it take to sell a home in Glenwood, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 33 Days | -46.6% |
Summary: Homes in Glenwood had an average of 33 days on market in Apr 2024, down by 46.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Glenwood; 79% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.