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 16 Days Ago

Newest Listings in Glenwood, IL

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