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Featured local agent — Glenwood, IL
Sarah Mitchell
Compass Real Estate · Glenwood, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Glenwood, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$162,000median sale price
How is the Glenwood, IL housing market right now?
The median home sale price in Glenwood, IL is $162,000, down 23.2% year-over-year. Homes sell in an average of 36 days with 57 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Glenwood a buyer's or seller's market?
Glenwood, IL is currently a leaning buyer's, based on 6.3 months of supply and homes selling in about 36 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
36
Average pace
Active listings
57
6.3 months supply
Sale-to-list
96.9%
Below asking
What does the Glenwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $162,000 |
| Median list price | $204,450 |
| Year-over-year price change | -23.2% |
| Average days on market | 36 days |
| Active inventory | 57 listings |
| Months of supply | 6.3 months |
| Sale-to-list price ratio | 96.9% |
| Median price per sq ft | $116/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 14 |
| Listings with a price cut | 28.1% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Glenwood by property type?
How the Glenwood, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $166,000 | $120/sq ft | 8 | 31 days |
| Condo / Co-op | $125,000 | $116/sq ft | 1 | 80 days |
Source: Redfin · Updated monthly
The Glenwood housing market is currently classified as a leaning buyer's with a median sale price of $162,000. Prices have fallen 23.2% compared to last year, with homes spending an average of 36 days on market, indicating 6.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.1x provides context for how home values compare to local earning capacity.
Homes for sale in Glenwood
There are currently 57 homes listed for sale in Glenwood, Illinois. The median listing price is $204K.
Active listings
57
Homes on market
Median list price
$204K
Avg. days on market
36
Days until sale
New this week
14
Newly listed
Who lives in Glenwood?
Population
8,620
Median income
$71,376/yr
Median age
39.3 years
Owner-occupied
77.9%
College grads
36.9%
Avg commute
31.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Glenwood?
Zillow home value
$221,836
Price-to-income
3.1x
Source: Zillow Research
What is it like to live in Glenwood?
Glenwood is a community of approximately 9K residents with a median age of 39.3 years.The median household income is $71,376, which represents a working-class community with solid middle-income opportunities. 36.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 77.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 31.5 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Glenwood offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Glenwood?
4 schools tracked · 1,025 students
The largest public schools serving Glenwood, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Longwood Elem School
Grades PK-4 · 346 students
Hickory Bend Elem School
Grades K-4 · 270 students
Brookwood Jr High School
Grades 7-8 · 216 students
Brookwood Middle School
Grades 5-6 · 193 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Glenwood, IL?
Want a head-to-head view? Compare Glenwood side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Glenwood?
The median home sale price in Glenwood is $162,000, down 23.2% from last year.
How long do homes stay on market in Glenwood?
Homes typically spend 36 days on market before going under contract.
What is the median income in Glenwood?
The median household income is $71,376 per year.
Is Glenwood a buyer's or seller's market?
With 6.3 months of supply, Glenwood is currently a leaning buyer's.
What is the Zillow home value estimate for Glenwood?
The Zillow Home Value Index (ZHVI) for Glenwood is $221,836, representing the typical home value in the area.
What is the median condo price in Glenwood?
The median condo/co-op sale price in Glenwood, IL is $125,000, compared to $166,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Glenwood?
The median single-family home price in Glenwood, IL is $166,000 (about $120 per square foot).
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