Is Winnetka, 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, Winnetka has remained a Seller's Market.
Housing Prices in Winnetka, IL
How much do homes in Winnetka, IL cost?
Median Sold Price
$1,585,000
$429/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Winnetka was $1,585,000 in May 2024, up 12.8% from last year, and the median price per square foot was $429.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $163.7K | $220K | +34.4% |
2 Bedrooms | $362.5K | $607.5K | +67.6% |
3 Bedrooms | $875K | $885.2K | +1.2% |
4 Bedrooms | $1.3M | $1.4M | +10.4% |
5+ Bedrooms | $2.1M | $2.3M | +10.6% |
Summary: Winnetka housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.4%, 2 bedroom homes increased by 67.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
Winnetka | $1.4M | $1.5M | +12.8% |
Glencoe | $1.2M | $1.3M | +6.6% |
New Trier Township | $998K | $1.0M | +4.8% |
Northfield | $800K | $682.5K | -14.7% |
Kenilworth | $1.9M | $1.5M | -21.6% |
Housing Supply in Winnetka, IL
How many homes are available in Winnetka, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 86 | +32.3% |
Summary: The Winnetka real estate market had 86 homes for sale in May 2024, a 32.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 9 | 12 | +33.3% |
4 Bedrooms | 25 | 27 | +8.0% |
5+ Bedrooms | 30 | 44 | +46.7% |
Summary: The Winnetka housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 46.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 15 | +7.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Winnetka in May 2024, up by 7.1% month-over-month. Of the 15 sold homes, 47% were sold under asking, 0% were sold at asking, and 53% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 6 Days | -53.1% |
Summary: Homes in Winnetka had an average of 6 days on market in May 2024, down by 53.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 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.