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 2021

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

$379,555

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$17,635(+4.9%)

Key Takeaway

Homes in Wheaton have sold for 4.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $116.2K$123.6K
+6.3%
2 $185K$208K
+12.4%
3 $329.8K$345.6K
+4.8%
4 $499.3K$549.9K
+10.1%
5+ $631.5K$679K
+7.5%

Median Sold Price Compared To Nearby Cities

Carol Stream
+8.2%
Winfield
+7.3%
Wheaton
+4.9%
Milton Township
+4.0%
Glen Ellyn
+1.3%

How many homes are available in Wheaton, IL?

Number of Homes For Sale

Nov 2022Dec 2022%
150124-17.3%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 21
-50.0%
2 3628
-22.2%
3 4644
-4.3%
4 5641
-26.8%
5+ 1010
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
5047-6.0%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

11 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. 63.8% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
20 Days25 Days+28.7%

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were 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.

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

About Wheaton, IL

Number of homes for sale in Wheaton, IL real estate market have reached 124. Between November 2022 and December 2022, Wheaton, IL real estate market has seen decrease in the number of listings by 17.3%. Listings spent 25 days on the market in December 2022, and had a median list price of $379,555 during the same period. Listing prices have changed in this real estate market between November 2022 and December 2022: prices of 1 bedroom properties went up by 6.3%, prices of 2 bedrooms properties went up by 12.4%, prices of 3 bedrooms properties increased by 4.8%, prices of 4 bedrooms properties increased by 10.1%, 5 bedrooms properties became 7.5% more expensive. Volume of homes for sale changed: 1 bedroom homes became 50% less available, 2 bedrooms homes became 22.2% less available, 3 bedrooms homes became 4.3% less available, 4 bedrooms homes became 26.8% less available, 5 bedrooms homes did not move. Over 11 listings were sold over their listed price in December 2022 in Wheaton, IL. In the same period over 30 listings were sold below the listed price and 6 listings were sold for the listed price.

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