Market Update: Glen Ellyn & Surrounding Suburbs

As we move through 2025, the suburban Chicago housing market—particularly here in Glen Ellyn and nearby communities—is showing steady strength, even as national housing trends fluctuate. For both buyers and sellers, understanding what’s happening locally is key to making the right move.

Home Prices Remain Strong

Across DuPage County, home values continue to hold steady, with many communities seeing year-over-year price growth:

• Detached single-family homes in the western suburbs are up approximately 6–8% compared to last year.
• Townhomes and condos are also gaining traction, with median prices rising around 10–11%.

In Glen Ellyn specifically, demand remains especially strong for move-in-ready homes near schools, parks, and downtown amenities. Historic homes and well-updated properties in walkable areas continue to command top dollar.

Limited Inventory Keeps Competition High

Like much of suburban Chicago, Glen Ellyn and its neighbors (Wheaton, Lombard, Elmhurst, and Downers Grove) are still experiencing tight inventory levels—hovering under 2 months of supply. For perspective, a balanced market usually sits closer to 4–6 months.

This means:

• Sellers benefit from strong demand and shorter market times, especially when pricing strategically.
• Buyers need to be prepared to act quickly and work with a trusted advisor to identify the right opportunities.

Mortgage Rates & Buyer Strategy

Mortgage rates are holding in the 6.5–7% range, which has slowed some buyer activity, but serious buyers are still entering the market. Many are focused on “right-sizing” their purchase—seeking long-term homes in stable, community-driven suburbs like Glen Ellyn, Wheaton, and Elmhurst.

For buyers, getting pre-approved early and being prepared to move decisively when the right property comes along is critical. For sellers, understanding how interest rates impact buyer affordability can help when positioning your home on the market.

Spotlight on Glen Ellyn & Surrounding Suburbs

• Glen Ellyn continues to attract families and professionals drawn to its top-rated schools, charming downtown, and easy Metra access. Homes near Lake Ellyn, Ben Franklin Elementary, and in walkable neighborhoods remain highly competitive.
• Wheaton offers similar demand, bolstered by its strong school system and vibrant downtown dining scene.
• Elmhurst has emerged as one of the hottest suburbs in the country, with a mix of new construction and beautifully updated historic homes driving median prices higher.
• Downers Grove and Naperville remain perennial favorites for their combination of schools, community life, and access to major employers.

Together, these communities are proving resilient, with long-term appeal that keeps demand steady.

Looking Ahead

Industry forecasts suggest that suburban Chicago will see stable, moderate price appreciation through 2025, with seasonal spikes in spring and early summer. While we may not see the frenzied bidding wars of 2021–2022, the western suburbs remain a competitive, desirable market for buyers.

Final Thoughts

For homeowners in Glen Ellyn and surrounding suburbs, conditions remain favorable for selling—low inventory, strong demand, and stable pricing create an advantageous environment. For buyers, preparation and strategy are key to securing the right property in a competitive market.

As always, if you’re considering buying or selling in Glen Ellyn or the surrounding communities, I’d be happy to provide a personalized market analysis or help guide you through the process.