Is Wheaton, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wheaton is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, Wheaton has remained a Seller's Market.

Key Takeaway

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

How much do homes in Wheaton, IL cost?

Median Sold Price

$363,458

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$30,101(+9.0%)

Key Takeaway

Homes in Wheaton have sold for 9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $108K$116.2K
+7.7%
2 $173.9K$185K
+6.4%
3 $306.3K$329.8K
+7.7%
4 $455K$499.5K
+9.8%
5+ $580.2K$630K
+8.6%

Median Sold Price Compared To Nearby Cities

Winfield
+11.3%
Carol Stream
+10.2%
Wheaton
+9.0%
Milton Township
+8.9%
Glen Ellyn
-1.1%

How many homes are available in Wheaton, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
286250-12.6%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 64
-33.3%
2 5248
-7.7%
3 11389
-21.2%
4 8378
-6.0%
5+ 3231
-3.1%

Number of Homes Sold

Nov 2021Dec 2021%
6675+13.6%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wheaton, you may be able to get a good deal. 57.3% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
27 Days20 Days-24.7%

Breakdown of Home Sale Times

56 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

About Wheaton, IL

Homes for sale in Wheaton, IL have reached 250. The number of homes for sale in Wheaton, IL decreased by 12.6% between November 2021 and December 2021. In December 2021, listings were on the market for 20 days. During the same period, the median list price in this real estate market was $363,458. This housing market listing prices have changed between November 2021 and December 2021: the cost of 1 bedroom properties went up by 7.7%, the cost of 2 bedrooms properties went up by 6.4%, prices of 3 bedrooms properties increased by 7.7%, 4 bedrooms properties prices increased by 9.8%, prices of 5 bedrooms properties went up by 8.6%. This housing market inventory have changed: the quantity of 1 bedroom homes went down by 33.3%, 2 bedrooms homes became 7.7% less available, 3 bedrooms homes became 21.2% less available, volume of 4 bedrooms homes went down by 6%, volume of 5 bedrooms homes went down by 3.1%. In December 2021, from all listings sold in Wheaton, IL there were more than 26 sold above asking price, over 43 sold below and more than 6 were sold right at the asked price.

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