How's Chicago's Real Estate Market?
Glencoe, IL
Single-Family Homes
312-961-6212
Glencoe, IL
Fri Feb 26 2021
This week the median list price for Glencoe, IL is $1,864,450 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has held steady at or around 30.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $1,864,450 | |
| Per Square Foot | $383 | |
| Days on Market | 112 | |
| Price Decreased | 27% | |
| Price Increased | 3% | |
| Relisted | 27% | |
| Inventory | 30 | |
| Median Rent | $5,500 | |
| Most Expensive | $18,000,000 | |
| Least Expensive | $324,900 | |
| Market Action | 39 | |
| Slight Seller's Advantage | ||
The market appears to be hovering around these current 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 |
|---|---|---|---|---|---|---|---|---|
| $3,975,000 | 9,000 | 0.5 - 1 acre | 5 | 7 | 13 | 2 | 0 | 35 |
| $1,999,900 | 5,700 | 0.25 - 0.5 acre | 4 | 5 | 20 | 1 | 0 | 147 |
| $1,589,500 | 4,419 | 0.25 - 0.5 acre | 5 | 4 | 91 | 2 | 1 | 126 |
| $669,511 | 2,134 | 8,000 - 10,000 sqft | 3 | 2 | 88 | 0 | 0 | 122 |