Glen Ellyn, IL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Glen Ellyn, IL Housing Market Trends

With 27,714 people, 10,761 houses or apartments, and a median cost of homes of $490,339, Glen Ellyn house prices are not only among the most expensive in Illinois, Glen Ellyn real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Glen Ellyn, accounting for 61.82% of the village's housing units. Other types of housing that are prevalent in Glen Ellyn include large apartment complexes or high rise apartments ( 25.80%), row houses and other attached homes ( 9.11%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.27%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Glen Ellyn. Owner-occupied housing accounts for 75.36% of Glen Ellyn's homes, and 58.67% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Glen Ellyn built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Glen Ellyn built between 1940-1969 ( 31.47%). A lesser amount of the housing stock also hails from before 1939 ( 18.75%). There's also some housing in Glen Ellyn built between 2000 and later ( 10.59%).

Glen Ellyn Home Appreciation Rates

Glen Ellyn's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Glen Ellyn during the period has been just 1.96%, which is lower than 80% of US communities.

Over the last year, Glen Ellyn appreciation rates have trailed the rest of the nation. In the last twelve months, Glen Ellyn's appreciation rate has been 2.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glen Ellyn were at 0.94%, which equates to an annual appreciation rate of 3.82%.

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

Relative to Illinois, our data show that Glen Ellyn's latest annual appreciation rate is lower than 60% of the other cities and towns in Illinois.

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Glen Ellyn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Glen Ellyn - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Glen Ellyn real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$490,339

Glen Ellyn, IL HOME PRICES

> $1,091,000
4.2%
4.2%
$818,001 - $1,091,000
8.0%
8.0%
$545,001 - $818,000
24.8%
24.8%
$436,001 - $545,000
14.2%
14.2%
$328,001 - $436,000
21.0%
21.0%
$218,001 - $328,000
13.7%
13.7%
$109,001 - $218,000
11.4%
11.4%
$55,001 - $109,000
1.9%
1.9%
$0 - $55,000
1.0%
1.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for IL

Value Relative To Nation

Number Of Homes And Apartments:
10,761

Glen Ellyn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
54.38% 2.06%
8
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,664 / per month

Homeownership Rate

Owners
75.4%
75.4%
Renters
24.6%
24.6%
Vacant
4.4%
4.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
10.6%
10.6%
1970 - 1999
39.2%
39.2%
1940 - 1969
31.5%
31.5%
1939 or Older
18.7%
18.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
61.8%
61.8%
Townhomes
9.1%
9.1%
Small Apt. Buildings
3.3%
3.3%
Apt. Complexes
25.8%
25.8%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
13.4%
13.4%
2 Bedrooms
18.9%
18.9%
3 Bedrooms
28.5%
28.5%
4 Bedrooms
30.1%
30.1%
5 or more bedrooms
8.2%
8.2%
0.0% 100.0%
% OF HOMES