Is Wilmette, 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, Wilmette has remained a Seller's Market.
Housing Prices in Wilmette, IL
How much do homes in Wilmette, IL cost?
Median Sold Price
$839,312
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wilmette was $839,312 in April 2024, up 6.9% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $195K | +25.8% |
2 Bedrooms | $434.5K | $420K | -3.3% |
3 Bedrooms | $561.2K | $624.5K | +11.3% |
4 Bedrooms | $960K | $999K | +4.1% |
5+ Bedrooms | $1.6M | $1.6M | 0.0% |
Summary: Wilmette housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.8%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Wilmette | $785K | $839.3K | +6.9% |
Evanston Township | $380.2K | $397.3K | +4.5% |
Evanston | $380.2K | $397.3K | +4.5% |
New Trier Township | $998.5K | $1.0M | 0.5% |
Kenilworth | $1.9M | $1.5M | -19.8% |
Housing Supply in Wilmette, IL
How many homes are available in Wilmette, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
101 | 126 | +24.8% |
Summary: The Wilmette real estate market had 126 homes for sale in April 2024, a 24.8% 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 | 11 | 14 | +27.3% |
3 Bedrooms | 28 | 28 | 0.0% |
4 Bedrooms | 35 | 45 | +28.6% |
5+ Bedrooms | 26 | 38 | +46.2% |
Summary: The Wilmette 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 27.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 46.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 41 | +95.2% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Wilmette in April 2024, up by 95.2% month-over-month. Of the 41 sold homes, 41% were sold under asking, 5% were sold at asking, and 54% were sold over asking.
Days on Market for Wilmette, IL
How long does it take to sell a home in Wilmette, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 33 Days | +50.5% |
Summary: Homes in Wilmette had an average of 33 days on market in Apr 2024, up by 50.5% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 41 homes were sold in Wilmette; 68% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.