Is Wheaton, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Wheaton has remained a Seller's Market.
Housing Prices in Wheaton, IL
How much do homes in Wheaton, IL cost?
Median Sold Price
$434,500
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wheaton was $434,500 in May 2024, up 11.7% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $217.5K | +55.4% |
2 Bedrooms | $215K | $240.5K | +11.9% |
3 Bedrooms | $350K | $400K | +14.3% |
4 Bedrooms | $570K | $603.3K | +5.8% |
5+ Bedrooms | $659.5K | $712.4K | +8.0% |
Summary: Wheaton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 55.4%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
Winfield | $373.5K | $425K | +13.8% |
Wheaton | $388.9K | $434.5K | +11.7% |
Carol Stream | $303K | $334.9K | +10.5% |
Milton Township | $399.9K | $435.3K | +8.8% |
Glen Ellyn | $444.9K | $461.5K | +3.7% |
Housing Supply in Wheaton, IL
How many homes are available in Wheaton, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
163 | 191 | +17.2% |
Summary: The Wheaton real estate market had 191 homes for sale in May 2024, a 17.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 33 | 37 | +12.1% |
3 Bedrooms | 45 | 61 | +35.6% |
4 Bedrooms | 62 | 69 | +11.3% |
5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The Wheaton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 35.6%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
72 | 56 | -22.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 56 homes were sold or pending in Wheaton in May 2024, down by 22.2% month-over-month. Of the 56 sold homes, 23% were sold under asking, 14% were sold at asking, and 63% were sold over asking.
Days on Market for Wheaton, IL
How long does it take to sell a home in Wheaton, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 14 Days | -16.0% |
Summary: Homes in Wheaton had an average of 14 days on market in May 2024, down by 16% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 56 homes were sold in Wheaton; 93% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.