Craig Sebert's Market Report

Glen Ellyn, IL

Single-Family Homes

Craig.Sebert@kw.com | (331) 481-3051 | CraigSebert.com



Glen Ellyn, IL

Tue Oct 20 2020
This week the median list price for Glen Ellyn, IL is $555,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 146. Click here to stay informed with the Glen Ellyn market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Glen Ellyn, IL

Tue Oct 20 2020
This week the median list price for Glen Ellyn, IL is $555,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 146. Click here to stay informed with the Glen Ellyn market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Glen Ellyn market.
Median List Price $555,000
Per Square Foot $225
Days on Market 156
Price Decreased 43%
Price Increased 3%
Relisted 17%
Inventory 146
Median Rent $2,225
Most Expensive $2,975,000
Least Expensive $195,000
Market Action 37
Slight Seller's Advantage

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,222,000 4,432 0.25 - 0.5 acre 5 5 14 0 3 229
$744,500 3,130 0.25 - 0.5 acre 4 4 33 5 2 200
$449,900 2,179 0.25 - 0.5 acre 4 3 60 5 1 110
$319,900 1,565 0.25 - 0.5 acre 3 2 62 5 3 86