Is New Trier Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Trier Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, New Trier Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in New Trier Township, IL

How much do homes in New Trier Township, IL cost?

Median Sold Price

$1,221,400

$381/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$222,163(+22.2%)

Key Takeaway

Homes in New Trier Township have sold for 22.2% more than they did a year ago.

Summary: The median home sold price in New Trier Township was $1,221,400 in November 2024, up 22.2% from last year, and the median price per square foot was $381.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $240K$232.5K
-3.1%
2 $407K$375K
-7.9%
3 $615K$675K
+9.8%
4 $1.1M$1.3M
+16.6%
5+ $1.9M$2.0M
+6.5%

Summary: New Trier Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 6.5%.

Median Sold Price Compared To Nearby Cities

New Trier Township
+22.2%
Northfield
+11.6%
Winnetka
+7.0%
Wilmette
+6.6%
Kenilworth
-5.3%

Housing Supply in New Trier Township, IL

How many homes are available in New Trier Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
214201-6.1%

Summary: The New Trier Township real estate market had 201 homes for sale in November 2024, a 6.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 45
+25.0%
2 1922
+15.8%
3 4849
+2.1%
4 6553
-18.5%
5+ 7872
-7.7%

Summary: The New Trier Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5063+26.0%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Trier Township, you could pay more than the asking price. 49.2% of homes here sold above asking price last month.

Summary: A total of 63 homes were sold or pending in New Trier Township in November 2024, up by 26.0% month-over-month. Of the 63 sold homes, 40% were sold under asking, 11% were sold at asking, and 49% were sold over asking.

Days on Market for New Trier Township, IL

How long does it take to sell a home in New Trier Township, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days24 Days+9.3%

Summary: Homes in New Trier Township had an average of 24 days on market in Nov 2024, up by 9.3% compared to last year.

Breakdown of Home Sale Times

47 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 63 homes were sold in New Trier Township; 75% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 3% 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 20 Days Ago

Newest Listings in New Trier Township, IL

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