Is Wheaton, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Wheaton has remained a Seller's Market.
Housing Prices in Wheaton, IL
How much do homes in Wheaton, IL cost?
Median Sold Price
$421,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Wheaton was $421,000 in February 2024, up 9.8% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126K | $190K | +50.8% |
2 Bedrooms | $208K | $222K | +6.7% |
3 Bedrooms | $346.6K | $380.5K | +9.8% |
4 Bedrooms | $570.3K | $582.5K | +2.1% |
5+ Bedrooms | $675K | $712.4K | +5.5% |
Summary: Wheaton housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.8%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
Winfield | $375K | $420K | +12.0% |
Wheaton | $383.5K | $421K | +9.8% |
Milton Township | $401.9K | $425K | +5.7% |
Carol Stream | $305.9K | $322K | +5.3% |
Glen Ellyn | $450K | $450K | 0.0% |
Housing Supply in Wheaton, IL
How many homes are available in Wheaton, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
90 | 118 | +31.1% |
Summary: The Wheaton real estate market had 118 homes for sale in February 2024, a 31.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 3 | +100.0% |
2 Bedrooms | 19 | 26 | +36.8% |
3 Bedrooms | 30 | 40 | +33.3% |
4 Bedrooms | 30 | 36 | +20.0% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Wheaton housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 36.8%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
24 | 32 | +33.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Wheaton in February 2024, up by 33.3% month-over-month. Of the 32 sold homes, 25% were sold under asking, 16% were sold at asking, and 59% were sold over asking.
Days on Market for Wheaton, IL
How long does it take to sell a home in Wheaton, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
24 Days | 11 Days | -53.3% |
Summary: Homes in Wheaton had an average of 11 days on market in Feb 2024, down by 53.3% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 32 homes were sold in Wheaton; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.