Craig Sebert's Market Report

Glen Ellyn, IL

Single-Family Homes

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



Glen Ellyn, IL

Sun Aug 01 2021
This week the median list price for Glen Ellyn, IL is $599,900 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has decreased to 97. 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

Sun Aug 01 2021
This week the median list price for Glen Ellyn, IL is $599,900 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has decreased to 97. 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 $599,900
Median Price of New Listings $409,500
Per Square Foot $253
Average Days on Market 122
Median Days on Market 56
Price Decreased 52%
Price Increased 5%
Relisted 31%
Inventory 97
Median Rent $2,900
Market Action 43
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$1,125,000 3,551 0.25 - 0.5 acre 4 3 25 1 2 112
$674,949 2,750 0.25 - 0.5 acre 4 2 48 1 2 38
$474,450 2,081 0.25 - 0.5 acre 3 2 60 3 7 45
$333,300 1,372 0.25 - 0.5 acre 3 2 65 4 4 42