Is Winnetka, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winnetka is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Winnetka has remained a Seller's Market.

Key Takeaway

Winnetka is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Winnetka, IL

How much do homes in Winnetka, IL cost?

Median Sold Price

$1,585,000

$429/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$180,000(+12.8%)

Key Takeaway

Homes in Winnetka have sold for 12.8% more than they did a year ago.

Summary: The median home sold price in Winnetka was $1,585,000 in May 2024, up 12.8% from last year, and the median price per square foot was $429.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $163.7K$220K
+34.4%
2 $362.5K$607.5K
+67.6%
3 $875K$885.2K
+1.2%
4 $1.3M$1.4M
+10.4%
5+ $2.1M$2.3M
+10.6%

Summary: Winnetka housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.4%, 2 bedroom homes increased by 67.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 10.6%.

Median Sold Price Compared To Nearby Cities

Winnetka
+12.8%
Glencoe
+6.6%
New Trier Township
+4.8%
Northfield
-14.7%
Kenilworth
-21.6%

Housing Supply in Winnetka, IL

How many homes are available in Winnetka, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6586+32.3%

Summary: The Winnetka real estate market had 86 homes for sale in May 2024, a 32.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 12
+100.0%
3 912
+33.3%
4 2527
+8.0%
5+ 3044
+46.7%

Summary: The Winnetka housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 46.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1415+7.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winnetka, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Winnetka in May 2024, up by 7.1% month-over-month. Of the 15 sold homes, 47% were sold under asking, 0% were sold at asking, and 53% were sold over asking.

Days on Market for Winnetka, IL

How long does it take to sell a home in Winnetka, IL?

Average Sale Time

May 2023May 2024CHANGE
14 Days6 Days-53.1%

Summary: Homes in Winnetka had an average of 6 days on market in May 2024, down by 53.1% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Winnetka are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 15 homes were sold in Winnetka; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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