Glenview, IL Real Estate Market Update – September

2024: A Closer Look

Buongiorno from the Eternal City, Roma! I’m Vittoria Logli, your top Real Estate Agent in Glenview, IL, bringing you the latest housing market update from Italy. While I’m surrounded by ancient Roman architecture, let’s dive into the numbers and trends of Glenview’s real estate market in September 2024.

In September, Glenview saw a significant shift in the real estate landscape. Only 24 homes were sold, a drop from the 40 homes sold in August 2024 and 44 in September 2023. The market is clearly slowing down compared to last year, but there are still some positive signs.

### Key Market Metrics for Glenview, IL – September 2024

**Median Sales Price:**

The median sales price in Glenview for September 2024 was $867,500. This is down from $910,500 in August but represents a massive 37.2% increase from September 2023, when the median was $632,500. Despite the seasonal cooling, Glenview home values remain strong.

**Average Market Time:**

Homes in Glenview are selling faster. In September 2024, the average market time was just 25 days, compared to 34 days in September of last year. This speedier sales pace is likely driven by declining mortgage interest rates.

**Inventory Trends:**

New listings are slightly down. There were 48 new homes on the market in September, compared to 52 in August. However, this is still an improvement from 35 new listings in September 2023. Overall, inventory is looking healthier, with 70 homes available in September 2024, up from 57 in the same month last year.

**List-to-Sell Price Ratio:**

Sellers are getting close to their asking prices, with the average list-to-sell price ratio at 98.8%. This is only a small dip from 99.3% in August, indicating that buyer demand is still strong despite the seasonal slowdown.

What Does This Mean for People That Want To Buy A House In Glenview Or Sell A Home In Glenview?

The Glenview real estate market is cooling slightly as we transition into fall, which is typical. However, home prices are up significantly compared to last year and homes are selling faster. For buyers, this could mean a more competitive environment, but slightly lower mortgage rates offer a silver lining.

As I explore the wonders of Rome, it’s a reminder that real estate, whether in Glenview or across the globe, is all about context. Whether you’re searching for a villa with ancient views or a family home near Glenview’s parks, the key is finding what matters most to you.

Looking to buy or sell in Glenview, IL? Contact Vittoria Logli the Best Realtor, for expert guidance