Glen Ellyn Real Estate Values - 2nd Quarter Comparisons

A Multiple Listing search for Glen Ellyn, IL homes shows that even though the number of homes sold has decreased significantly, the home prices have remained about the same as in 2005. The information was based on 2nd quarter numbers for 2005-2008.

The bar graph above shows that the number of homes sold is down by about 41% compared to 2005. Notice that the number of homes sold remained relatively constant from 2005-2007, but this year there has been a significant decrease.

This graph shows the 2nd quarter prices in Glen Ellyn are about the same as in 2005. There was just a slight decrease of about $1,000 over 3 years. Notice that the prices actually climbed in 2006 and 2007 (a very big spike in 2007). Yes, the prices have decreased this year, but unless you bought in 2006 or 2007 and sold this year it would not show up in your pocket book. The good news is that Glen Ellyn home values have not been hit nearly as hard as many other parts of the nation.

If you would like to receive an accurate valuation of your home, or would like to buy soon contact your Glen Ellyn Realtor.

This information was obtained from the Multiple Listing Service of Northern Illinois and is considered to be accurate, but not guaranteed. The search included only average prices of detached single family homes.