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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Glenwood is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

+$24,000(+13.6%)

Key Takeaway

Homes in Glenwood have sold for 13.6% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $53K$65.9K
+24.3%
2 $105K$120K
+14.3%
3 $194.4K$218K
+12.1%
4 $207K$233K
+12.6%
5+ $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
+13.6%
Lynwood
+12.0%
Chicago Heights
+7.8%
Bloom Township
+5.6%

Housing Supply in Glenwood, IL

How many homes are available in Glenwood, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
51510.0%

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

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 1315
+15.4%
3 2321
-8.7%
4 1111
0.0%
5+ 33
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 2024Apr 2024CHANGE
14140.0%

Asking Price vs. Sold Price

5 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 Glenwood, you could pay more than the asking price. 50% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
62 Days33 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Glenwood are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 4 Days Ago

Newest Listings in Glenwood, IL

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