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

Housing Market Conditions



Gauge showing Wilmette is a seller's market


Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Wilmette, IL

How much do homes in Wilmette, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since June 2023


Key Takeaway

Homes in Wilmette have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Wilmette was $848,000 in June 2024, up 2.3% from last year, and the median price per square foot was $348.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $182.5K$180K
2 $450K$384.4K
3 $589.5K$624K
4 $954K$1.0M
5+ $1.6M$1.7M

Summary: Wilmette housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes decreased by 14.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 4.3%.

Median Sold Price Compared To Nearby Cities

Evanston Township
New Trier Township

Housing Supply in Wilmette, IL

How many homes are available in Wilmette, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE

Summary: The Wilmette real estate market had 113 homes for sale in June 2024, a 5.8% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 24
2 109
3 3230
4 3635
5+ 4035

Summary: The Wilmette housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

May 2024Jun 2024CHANGE

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wilmette, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 39 homes were sold or pending in Wilmette in June 2024, down by 15.2% month-over-month. Of the 39 sold homes, 31% were sold under asking, 3% were sold at asking, and 67% were sold over asking.

Days on Market for Wilmette, IL

How long does it take to sell a home in Wilmette, IL?

Average Sale Time

Jun 2023Jun 2024CHANGE
19 Days17 Days-7.1%

Summary: Homes in Wilmette had an average of 17 days on market in Jun 2024, down by 7.1% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 39 homes were sold in Wilmette; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

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

Report Updated 19 Days Ago

Newest Listings in Wilmette, IL

Nearby Markets to Wilmette, IL

What housing markets are near Wilmette, IL?