Is Glendale Heights, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Glendale Heights has remained a Seller's Market.
Housing Prices in Glendale Heights, IL
How much do homes in Glendale Heights, IL cost?
Median Sold Price
$276,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Glendale Heights was $276,000 in May 2024, up 10.8% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $101.5K | $125.5K | +23.6% |
2 Bedrooms | $160K | $180K | +12.5% |
3 Bedrooms | $276K | $300K | +8.7% |
4 Bedrooms | $333.5K | $362.5K | +8.7% |
5+ Bedrooms | $270K | $315K | +16.7% |
Summary: Glendale Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.6%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Cities
Glendale Heights | $249K | $276K | +10.8% |
Carol Stream | $303K | $334.9K | +10.5% |
Milton Township | $399.9K | $435.3K | +8.8% |
Bloomingdale Township | $290.9K | $316.1K | +8.7% |
Bloomingdale | $338K | $351.3K | +3.9% |
Housing Supply in Glendale Heights, IL
How many homes are available in Glendale Heights, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 68 | +4.6% |
Summary: The Glendale Heights real estate market had 68 homes for sale in May 2024, a 4.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 28 | 33 | +17.9% |
3 Bedrooms | 20 | 20 | 0.0% |
4 Bedrooms | 16 | 13 | -18.8% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Glendale Heights housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 22 | -21.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Glendale Heights in May 2024, down by 21.4% month-over-month. Of the 22 sold homes, 14% were sold under asking, 9% were sold at asking, and 77% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 14 Days | +18.8% |
Summary: Homes in Glendale Heights had an average of 14 days on market in May 2024, up by 18.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Glendale Heights; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.