Is New Trier Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New Trier Township has remained a Seller's Market.
Housing Prices in New Trier Township, IL
How much do homes in New Trier Township, IL cost?
Median Sold Price
$1,004,000
$363/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Trier Township was $1,004,000 in April 2024, up 0.5% from last year, and the median price per square foot was $363.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167.5K | $242.5K | +44.8% |
2 Bedrooms | $384.5K | $409K | +6.4% |
3 Bedrooms | $600K | $650K | +8.3% |
4 Bedrooms | $1.1M | $1.2M | +4.3% |
5+ Bedrooms | $1.8M | $2.0M | +6.2% |
Summary: New Trier Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.8%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
Winnetka | $1.3M | $1.5M | +11.0% |
Wilmette | $785K | $839.3K | +6.9% |
New Trier Township | $998.5K | $1.0M | 0.5% |
Northfield | $776K | $662K | -14.7% |
Kenilworth | $1.9M | $1.5M | -19.8% |
Housing Supply in New Trier Township, IL
How many homes are available in New Trier Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
216 | 268 | +24.1% |
Summary: The New Trier Township real estate market had 268 homes for sale in April 2024, a 24.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 18 | 21 | +16.7% |
3 Bedrooms | 43 | 53 | +23.3% |
4 Bedrooms | 78 | 94 | +20.5% |
5+ Bedrooms | 76 | 99 | +30.3% |
Summary: The New Trier Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 30.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 70 | +40.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 70 homes were sold or pending in New Trier Township in April 2024, up by 40.0% month-over-month. Of the 70 sold homes, 43% were sold under asking, 9% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 27 Days | +32.4% |
Summary: Homes in New Trier Township had an average of 27 days on market in Apr 2024, up by 32.4% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 70 homes were sold in New Trier Township; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.