Glenview, located in Chicago's North Shore, has consistently been recognized among Korean families as a neighborhood with excellent school districts. In early 2021, the median home price was around $485,000, and by 2026, it is estimated to have risen to about $600,000. Over the past five years, this represents an increase of approximately 24%.

Compared to the national average five-year cumulative increase of 35-45%, Glenview's growth is relatively moderate. As a mature suburban area that has long established high price levels, it can be understood that it has shown a steady trend rather than sharp fluctuations.

The first question that comes to mind is whether it is too late to buy now. Looking at the years, prices rose relatively steeply during the low-interest period from 2021 to the first half of 2022, but the upward trend significantly slowed down from the second half of 2022 to 2023 due to the impact of rising interest rates, and it appears to be gradually recovering again after 2024.

The factors supporting Glenview's prices are primarily its excellent public school district and stable neighborhood atmosphere. Additionally, its location allows for commuting to downtown Chicago, and the already established Korean community infrastructure is also cited as a factor creating consistent demand.

However, recent market observations indicate that buyers with large loan amounts are moving more cautiously due to high interest burdens. This has created an environment where, rather than competing aggressively when properties come on the market, buyers can take their time to compare options.

Korean families considering Glenview for their children's education might find it beneficial to look for properties during the fall or winter off-peak seasons rather than the busy back-to-school period. Given the strong school district premium, it seems more realistic to approach the market with a long-term residency plan rather than expecting a sharp price drop.

Future prospects are cautiously optimistic, with a possibility of a gradual upward trend continuing. However, if interest rates rise again or the local economy wavers, temporary adjustments may occur, so I would recommend approaching the market with a mid-to-long-term plan aligned with the duration of your children's education rather than seeking short-term capital gains.

In summary, Glenview has shown a steady upward trend, albeit more moderate than the national average. If prioritizing school districts and community, it still appears to be an attractive option.