Is Wilmette, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Wilmette has remained a Seller's Market.
Housing Prices in Wilmette, IL
How much do homes in Wilmette, IL cost?
Median Sold Price
$841,270
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Wilmette was $841,270 in March 2024, up 10.8% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $195K | -13.3% |
2 Bedrooms | $413K | $449K | +8.7% |
3 Bedrooms | $560K | $593.9K | +6.1% |
4 Bedrooms | $960K | $1.0M | +4.7% |
5+ Bedrooms | $1.6M | $1.6M | +1.8% |
Summary: Wilmette housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
Wilmette | $759.2K | $841.2K | +10.8% |
New Trier Township | $990.7K | $1.0M | +4.6% |
Evanston Township | $380.8K | $381.9K | 0.3% |
Evanston | $380.8K | $381.9K | 0.3% |
Kenilworth | $1.9M | $1.6M | -18.3% |
Housing Supply in Wilmette, IL
How many homes are available in Wilmette, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
72 | 95 | +31.9% |
Summary: The Wilmette real estate market had 95 homes for sale in March 2024, a 31.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 19 | 28 | +47.4% |
4 Bedrooms | 21 | 29 | +38.1% |
5+ Bedrooms | 18 | 25 | +38.9% |
Summary: The Wilmette housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 47.4%, 4 bedroom homes increased by 38.1%, and 5+ bedroom homes increased by 38.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 19 | +111.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Wilmette in March 2024, up by 111.1% month-over-month. Of the 19 sold homes, 37% were sold under asking, 11% were sold at asking, and 53% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 30 Days | -20.8% |
Summary: Homes in Wilmette had an average of 30 days on market in Mar 2024, down by 20.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in Wilmette; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.