How's Chicago's Real Estate Market?

Glencoe, IL

Single-Family Homes

312-961-6212


Glencoe, IL

Tue May 18 2021
This week the median list price for Glencoe, IL is $1,897,000 with the market action index hovering around 42. This is less than last month's market action index of 46. Inventory has increased to 30. Click here to stay informed with the Glencoe 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.

Glencoe, IL

Tue May 18 2021
This week the median list price for Glencoe, IL is $1,897,000 with the market action index hovering around 42. This is less than last month's market action index of 46. Inventory has increased to 30. Click here to stay informed with the Glencoe 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 Glencoe market.
Median List Price $1,897,000
Median Price of New Listings $1,899,500
Per Square Foot $371
Average Days on Market 103
Median Days on Market 60
Price Decreased 33%
Price Increased 0%
Relisted 13%
Inventory 30
Median Rent $12,000
Market Action 42
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
$3,550,000 9,332 1 - 2.5 acres 5 7 24 1 1 35
$2,490,000 6,687 0.25 - 0.5 acre 4 5 7 0 1 63
$1,737,000 4,495 0.25 - 0.5 acre 5 4 78 0 1 77
$922,500 3,677 0.25 - 0.5 acre 4 4 80 1 3 21