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 November 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

$1,615,000

$443/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$105,000(+7.0%)

Key Takeaway

Homes in Winnetka have sold for 7% more than they did a year ago.

Summary: The median home sold price in Winnetka was $1,615,000 in November 2024, up 7% from last year, and the median price per square foot was $443.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $240K$205K
-14.6%
2 $607.5K$590K
-2.9%
3 $802.5K$1.1M
+42.1%
4 $1.4M$1.4M
+3.6%
5+ $2.1M$2.2M
+3.7%

Summary: Winnetka housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.6%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 42.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Cities

Glencoe
+25.4%
New Trier Township
+22.2%
Northfield
+11.6%
Winnetka
+7.0%
Kenilworth
-5.3%

Housing Supply in Winnetka, IL

How many homes are available in Winnetka, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6764-4.5%

Summary: The Winnetka real estate market had 64 homes for sale in November 2024, a 4.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 59
+80.0%
3 1212
0.0%
4 2216
-27.3%
5+ 2726
-3.7%

Summary: The Winnetka housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 3.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1124+118.2%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

13 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. 54.2% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in Winnetka in November 2024, up by 118.2% month-over-month. Of the 24 sold homes, 29% were sold under asking, 17% were sold at asking, and 54% 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

Nov 2023Nov 2024CHANGE
20 Days19 Days-6.7%

Summary: Homes in Winnetka had an average of 19 days on market in Nov 2024, down by 6.7% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 November 2024, 24 homes were sold in Winnetka; 83% of homes were sold within 30 days, 13% 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 17 Days Ago

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