Welcome to the September 2023 Market Update for single-family homes in Glenview, IL.
Let’s review Median Prices, Days on Market, and Pro Insights for Smarter Housing Decisions. And Vittoria Logli a top realtor in Glenview, IL will dive into the latest market trends and statistics to keep you informed about the real estate landscape in this beautiful Illinois North Shore suburb.
**Glenview Key Market Trends as of September 30, 2023**
- **Glenview Homes for Sale:** The Glenview single-family home market currently features 41 homes available for purchase.
- **Glenview Homes Under Contract:** There are 40 homes under contract, indicating strong buyer interest.
- **Glenview Median List Price:** The median list price stands at $1,155,000, demonstrating the allure of this sought-after community.
- **Glenview High Price:** The highest-priced home on the market is listed at $2,690,000, showcasing the diversity of options available.
- **Glenview Low Price:** At the other end of the spectrum, the lowest-priced home is competitively listed at $325,000.
- **Glenview Median Days on Market:** Homes are spending an average of 55 days on the market, which is a key metric to watch.
- **Glenview Sale-to-List Price Ratio:** Currently at 98%, this ratio indicates that buyers are willing to pay close to the asking price for homes.
Glenview, IL Housing Market Analysis:
According to one of the best real estate agents, Glenview, IL single-family home market has experienced a slight cooling in comparison to the previous year. Home sales are down by 21%, but the median sale prices have remained elevated, rising by an impressive 15%.
The data suggests that buyer demand for homes in Glenview is still strong.
Glenview Home sales were down by 46% from the previous month and 21% from the previous year. However, median sale prices in continued their upward trajectory, rising by 19% from the previous month and 15% from the previous year.
The sale-to-list price ratio remained high at 98%, demonstrating that buyers are still willing to meet sellers’ asking price. Median days on market is just 8 days which implies a relatively brisk pace of sales and strong buyer interest. I
n summary, the Glenview, IL single-family home market remains competitive. Buyers should be prepared to act quickly and make competitive offers, while sellers should consider pricing their homes competitively in order to capture the most amount of buyers and sell for a high price.
As a top Realtor in Glenview, IL Vittoria Logli explains that it’s important to keep an eye on these market trends, especially the median days on market, as they can provide valuable insights for both buyers and sellers. With low inventory, high prices, and a market that is gradually shifting, Glenview’s real estate market promises to remain dynamic in the coming months. Stay tuned for further updates as we navigate the evolving landscape of Glenview’s housing market.
