Glencoe appreciation rates and housing market information

Glencoe housing market information

With 8,827 people, 3,224 houses or apartments, and a median cost of homes of $1,181,671, Glencoe house prices are not only among the most expensive in Illinois, Glencoe real estate also is some of the most expensive in all of America.

Glencoe is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Glencoe than is found in 99.20% of the communities in America.

And, as is not surprising, these large homes are primarily owner-occupied (88.15%).

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Glencoe's housing was primarily built during this period, from the '40s through the '60s. A full 45.04% of the village's housing hails from this era. Other housing ages represented in Glencoe include homes built between 1939 and earlier (39.33%), and housing constructed from 1970-1994 (9.46%). There's also some housing in Glencoe built between 1995 and later (6.17%).

Glencoe home appreciation rates

Appreciation rates for homes in Glencoe have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 79.50%, which ranks in the top 40% nationwide. This equates to an annual average Glencoe house appreciation rate of 7.95%.

Over the last year, Glencoe appreciation rates have trailed the rest of the nation. In the last twelve months, Glencoe's appreciation rate has been -3.84%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glencoe were at -0.55%, which equates to an annual appreciation rate of -2.20%.

Notably, Glencoe's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Illinois, our data show that Glencoe's latest annual appreciation rate is higher than 21% of the other cities and towns in Illinois.