Is New Trier Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Trier Township is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, New Trier Township has remained a Seller's Market.

Key Takeaway

New Trier Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in New Trier Township, IL cost?

Median Sold Price

$975,000

$338/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$112,338(+13.0%)

Key Takeaway

Homes in New Trier Township have sold for 13% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $180K$194K
+7.8%
2 $310K$408K
+31.6%
3 $549.8K$585K
+6.4%
4 $975K$1.1M
+20.6%
5+ $1.4M$1.8M
+24.6%

Median Sold Price Compared To Nearby Cities

Kenilworth
+22.1%
New Trier Township
+13.0%
Winnetka
+12.9%
Northfield
+6.6%
Wilmette
+2.3%

How many homes are available in New Trier Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
258226-12.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 30
-100.0%
2 3529
-17.1%
3 5755
-3.5%
4 7864
-17.9%
5+ 8578
-8.2%

Number of Homes Sold

Oct 2022Nov 2022%
6151-16.4%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Trier Township, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
28 Days26 Days-5.5%

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in New Trier Township are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About New Trier Township, IL

Homes for sale in New Trier Township, IL have reached 226. The number of homes for sale in New Trier Township, IL decreased by 12.4% between October 2022 and November 2022. The median list price of listings available in November 2022 was $975,000, while the average time on the real estate market was 26 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 7.8%, 2 bedrooms properties became 31.6% more expensive, 3 bedrooms properties prices increased by 6.4%, 4 bedrooms properties became 20.6% more expensive, the cost of 5 bedrooms properties went up by 24.6%. Housing inventory have changed in this real estate market: number of 1 bedroom homes decreased by 100%, the quantity of 2 bedrooms homes went down by 17.1%, 3 bedrooms homes became 3.5% less available, volume of 4 bedrooms homes went down by 17.9%, number of 5 bedrooms homes decreased by 8.2%. In November 2022 more than 21 listings in New Trier Township, IL were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 24 were sold below.

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