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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wilmette is a seller's market

Buyer'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

$848,000

$348/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$19,000(+2.3%)

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
-1.4%
2 $450K$384.4K
-14.6%
3 $589.5K$624K
+5.9%
4 $954K$1.0M
+12.7%
5+ $1.6M$1.7M
+4.3%

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
+6.0%
Evanston Township
+5.9%
New Trier Township
+4.0%
Wilmette
+2.3%
Kenilworth
-22.0%

Housing Supply in Wilmette, IL

How many homes are available in Wilmette, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
120113-5.8%

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
+100.0%
2 109
-10.0%
3 3230
-6.3%
4 3635
-2.8%
5+ 4035
-12.5%

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
4639-15.2%

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

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