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 November 2021

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.

How much do homes in Wilmette, IL cost?

Median Sold Price

$740,000

$320/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$16,416(+2.3%)

Key Takeaway

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

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $156.1K$257.5K
+65.0%
2 $310K$415K
+33.9%
3 $500.5K$555.8K
+11.0%
4 $886K$952K
+7.4%
5+ $1.2M$1.4M
+15.7%

Median Sold Price Compared To Nearby Cities

Kenilworth
+22.1%
New Trier Township
+13.0%
Wilmette
+2.3%
Evanston
+1.3%
Evanston Township
+1.1%

How many homes are available in Wilmette, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
11492-19.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 20
-100.0%
2 2019
-5.0%
3 3330
-9.1%
4 4028
-30.0%
5+ 1915
-21.1%

Number of Homes Sold

Oct 2022Nov 2022%
2827-3.6%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wilmette, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
26 Days20 Days-22.0%

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

3 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.

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

About Wilmette, IL

Wilmette, IL has 92 homes for sale to choose from. Between October 2022 and November 2022, Wilmette, IL real estate market has seen decrease in the number of listings by 19.3%. Listings spent 20 days on the market in November 2022, and had a median list price of $740,000 during the same period. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 65%, the cost of 2 bedrooms properties went up by 33.9%, prices of 3 bedrooms properties went up by 11%, 4 bedrooms properties became 7.4% more expensive, prices of 5 bedrooms properties increased by 15.7%. Volume of homes for sale changed: number of 1 bedroom homes decreased by 100%, number of 2 bedrooms homes decreased by 5%, 3 bedrooms homes inventory decreased by 9.1%, volume of 4 bedrooms homes went down by 30%, the quantity of 5 bedrooms homes went down by 21.1%. While more than 11 listings in Wilmette, IL in November 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 13 were sold below.

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