Inventory in Glen Iris has expanded in this rolling three-month view, with about 42 active listings and roughly 23 new listings entering the market. Months of supply has climbed sharply to around 12 months, far above Birmingham’s 6.6 months, signaling much looser conditions for buyers. Contract activity has cooled compared with earlier periods, with about 8 homes sold and 12 pending, even though both figures are modestly higher than a year ago.
Pricing has softened significantly alongside this slower pace. The typical home value over the latest three months is down steeply from a year ago, while the median list price is only slightly higher than last year, suggesting sellers are testing prices but buyers are pushing back. Homes are taking longer to go under contract, with median days on market up to about 82 days, more than 50 percent higher than a year earlier.
Despite the slowdown, a small but rising share of homes, about 12 percent, are still selling above list price, and the average sale-to-list ratio sits around 93 percent. Nearly half of recent listings have gone off the market within two weeks, showing that well-priced homes can still move quickly even in a higher-supply environment. With so many cross-currents affecting inventory, pricing, and timing, both buyers and sellers in Glen Iris can benefit from Agent Pronto’s help connecting with an experienced local agent.
