Glen Ellyn, IL Market Snapshot
Glen Ellyn, IL
Single Family Homes Sales, Prices and Inventory
Each data point is 12 months of activity.
Number of Home Sales
The real estate market in Glen Ellyn continues to be strong at nearly all price points, despite constrained inventory for mid and lower priced homes. Home sales and prices in Glen Ellyn have stayed steady in the past several years showing the general appeal of the Glen Ellyn community.
Average Sales Price
In Glen Ellyn, the average sales price in all categories increased overall by about 2%. Lower and mid-priced homes sold for about 1.5% less in the past year which should give some encouragement to Millenial and first-time homebuyers who would like to purchase a home but have been discouraged by rising prices. Sellers of higher-priced homes have enjoyed a slight increase in the average sale prices. In the coming year, they should rely on local market data to price their homes rather than looking at national reports that show a higher rate of price increases.
Average Market Time
Market time is the number of days that a house was on the market when it went under contract. Over the past year, homes priced below $500,000 went under contract in an average of about 80 days, while homes priced over $500,000 were on the market an average of 3 to 4 months before selling.