Is Glendale Heights, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Glendale Heights is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

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

+$26,937(+10.8%)

Key Takeaway

Homes in Glendale Heights have sold for 10.8% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $101.5K$125.5K
+23.6%
2 $160K$180K
+12.5%
3 $276K$300K
+8.7%
4 $333.5K$362.5K
+8.7%
5+ $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
+10.8%
Carol Stream
+10.5%
Milton Township
+8.8%
Bloomingdale Township
+8.7%
Bloomingdale
+3.9%

Housing Supply in Glendale Heights, IL

How many homes are available in Glendale Heights, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6568+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

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 2833
+17.9%
3 2020
0.0%
4 1613
-18.8%
5+ 01
+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 2024May 2024CHANGE
2822-21.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glendale Heights, you could pay more than the asking price. 77.3% of homes here sold above asking price last month.

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 2023May 2024CHANGE
12 Days14 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 1 Day Ago

Newest Listings in Glendale Heights, IL

Nearby Markets to Glendale Heights, IL

What housing markets are near Glendale Heights, IL?