Glenwood, IL Home Values & Market Trends

Real estate market trends reflect that there have been 242 transactions over the past year in Glenwood. The median value for residential home transactions that occurred over the previous year is $193,054.82. The number of current listings in Glenwood is 13, and the percentage of properties for sale in the city is 13.00%. Glenwood, IL currently has 43 properties in foreclosure, 3 bank owned properties, 6 properties headed for auction, and 13 properties for sale.

Glenwood, IL Real Estate Market Overview

ZipMedian Est. Value
60425

$ 191,713

$ 146/sqft

Housing Market Summary for Glenwood, IL

Apr 2023March 2024Change
Median Listing Price$201.5K$202.8K0.64%
Median Sold Price$170K$202.8K19.28%
Homes For Sale1211-8.33%
Homes Sold991023.03%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Glenwood, IL

Glenwood home values range from $32,755 to $966,733. The median estimated value of a home in Glenwood is $193,054.82. The median list price of a home is 198,000, and the total count of properties in the city is 3,327.

Foreclosure
There is 1 zips within Glenwood, IL; within this zips, the median estimated home value for homes in foreclosure ranges from $315,462 in 60425 to the lowest value of $58,860 in 60425. Foreclosure homes account for 1.00% of properties in Glenwood, IL with 60425 containing 43 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 1.02% of all residential properties in Glenwood, IL with 60425 containing 34 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Glenwood, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $315,462 in 60425 to the lowest home value of $58,860 in 60425.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Glenwood, IL ranges from the highest value of $205,900 in 60425 to the lowest value of $120,000 in 60425. Bank owned homes and properties account for 0.09% of properties in Glenwood, IL. There is 1 zips within Glenwood, IL; 60425 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    60425 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Glenwood, IL. Auction homes and other auction properties account for 0.18% of all properties in Glenwood, IL. There is 1 zips within Glenwood, IL; of that zips, the median estimated home value for homes going to auction ranges from $300,250 in 60425 to the lowest value of $136,674 in 60425.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.39% of residential properties in Glenwood, IL with 60425 containing 13 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Glenwood, IL; homes for sale in that zips, have a range of median values from $309,700 in 60425 to the lowest value of $46,089 in 60425.
    Sold Homes
    The median value for recently sold homes ranges from $370,159 in 60425 to the lowest price of $38,152 in 60425. There is 1 zips within Glenwood, IL. 60425 has 108 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.25% of properties in Glenwood, IL.

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      Guide for Glenwood, IL

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      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Home Buying Guides & Tips
      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
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      See More Articles
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports|posted 22 April 2024

      Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.

      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?

      Madison Real Estate Report: House Values Peak at $447K
      Market Reports|posted 22 April 2024

      In Madison, WI homes have seen a gradual increase in property values, and sale price reach just under 500k in early 2024.

      Recently Listed Homes Glenwood, IL

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