Craig Sebert's Market Report

Glen Ellyn, IL

Single-Family Homes

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



Glen Ellyn, IL

Fri Apr 23 2021
This week the median list price for Glen Ellyn, IL is $795,000 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has held steady at or around 71. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Glen Ellyn, IL

Fri Apr 23 2021
This week the median list price for Glen Ellyn, IL is $795,000 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has held steady at or around 71. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Glen Ellyn market.
Median List Price $795,000
Per Square Foot $278
Days on Market 42
Price Decreased 28%
Price Increased 8%
Relisted 10%
Inventory 71
Median Rent $2,400
Most Expensive $2,500,000
Least Expensive $265,000
Market Action 43
Slight Seller's Advantage

Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$1,325,000 4,469 0.5 - 1 acre 4 4 14 0 1 28
$949,950 3,408 0.25 - 0.5 acre 4 3 15 1 0 143
$617,450 2,710 0.25 - 0.5 acre 4 2 53 1 5 42
$338,700 1,440 0.25 - 0.5 acre 3 2 63 5 3 24