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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winnetka is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Winnetka was a Seller's Market.

Key Takeaway

Winnetka is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Winnetka, IL

How much do homes in Winnetka, IL cost?

Median Sold Price

$1,655,000

$445/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$217,500(+15.1%)

Key Takeaway

Homes in Winnetka have sold for 15.1% more than they did a year ago.

Summary: The median home sold price in Winnetka was $1,655,000 in October 2024, up 15.1% from last year, and the median price per square foot was $445.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $240K$205K
-14.6%
2 $568K$520K
-8.5%
3 $815K$1.1M
+42.0%
4 $1.3M$1.4M
+8.1%
5+ $2.1M$2.2M
+5.8%

Summary: Winnetka housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.6%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes increased by 42%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Cities

New Trier Township
+21.1%
Glencoe
+20.7%
Winnetka
+15.1%
Northfield
-5.7%

Housing Supply in Winnetka, IL

How many homes are available in Winnetka, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5763+10.5%

Summary: The Winnetka real estate market had 63 homes for sale in October 2024, a 10.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 13
+200.0%
3 911
+22.2%
4 2221
-4.5%
5+ 2527
+8.0%

Summary: The Winnetka housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1310-23.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 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. 70% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Winnetka in October 2024, down by 23.1% month-over-month. Of the 10 sold homes, 20% were sold under asking, 10% were sold at asking, and 70% 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

Oct 2023Oct 2024CHANGE
20 Days9 Days-52.4%

Summary: Homes in Winnetka had an average of 9 days on market in Oct 2024, down by 52.4% compared to last year.

Breakdown of Home Sale Times

10 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 October 2024, 10 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 16 Days Ago

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