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 October 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

$1,210,916

$378/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$211,041(+21.1%)

Key Takeaway

Homes in New Trier Township have sold for 21.1% more than they did a year ago.

Summary: The median home sold price in New Trier Township was $1,210,916 in October 2024, up 21.1% from last year, and the median price per square foot was $378.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $240K$255K
+6.3%
2 $405K$373.7K
-7.7%
3 $625K$660K
+5.6%
4 $1.1M$1.3M
+16.7%
5+ $1.9M$2.1M
+10.5%

Summary: New Trier Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 10.5%.

Median Sold Price Compared To Nearby Cities

New Trier Township
+21.1%
Winnetka
+15.1%
Wilmette
+6.5%
Northfield
-5.7%

Housing Supply in New Trier Township, IL

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
208223+7.2%

Summary: The New Trier Township real estate market had 223 homes for sale in October 2024, a 7.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 25
+150.0%
2 1616
0.0%
3 4952
+6.1%
4 6967
-2.9%
5+ 7283
+15.3%

Summary: The New Trier Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 15.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5848-17.2%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

27 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. 56.3% of homes here sold above asking price last month.

Summary: A total of 48 homes were sold or pending in New Trier Township in October 2024, down by 17.2% month-over-month. Of the 48 sold homes, 33% were sold under asking, 10% were sold at asking, and 56% 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

Oct 2023Oct 2024CHANGE
18 Days17 Days-4.4%

Summary: Homes in New Trier Township had an average of 17 days on market in Oct 2024, down by 4.4% compared to last year.

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

5 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 October 2024, 48 homes were sold in New Trier Township; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 4% 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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What housing markets are near New Trier Township, IL?