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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Winnetka is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Winnetka, IL

How much do homes in Winnetka, IL cost?

Median Sold Price

$1,585,000

$429/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$180,000(+12.8%)

Key Takeaway

Homes in Winnetka have sold for 12.8% more than they did a year ago.

Summary: The median home sold price in Winnetka was $1,585,000 in May 2024, up 12.8% from last year, and the median price per square foot was $429.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $163.7K$220K
+34.4%
2 $362.5K$607.5K
+67.6%
3 $875K$885.2K
+1.2%
4 $1.3M$1.4M
+10.4%
5+ $2.1M$2.3M
+10.6%

Summary: Winnetka housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.4%, 2 bedroom homes increased by 67.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 10.6%.

Median Sold Price Compared To Nearby Cities

Winnetka
+12.8%
Glencoe
+6.6%
New Trier Township
+4.8%
Northfield
-14.7%
Kenilworth
-21.6%

Housing Supply in Winnetka, IL

How many homes are available in Winnetka, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6586+32.3%

Summary: The Winnetka real estate market had 86 homes for sale in May 2024, a 32.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 12
+100.0%
3 912
+33.3%
4 2527
+8.0%
5+ 3044
+46.7%

Summary: The Winnetka housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 46.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1415+7.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Winnetka, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Winnetka in May 2024, up by 7.1% month-over-month. Of the 15 sold homes, 47% were sold under asking, 0% were sold at asking, and 53% were sold over asking.

Days on Market for Winnetka, IL

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

Average Sale Time

May 2023May 2024CHANGE
14 Days6 Days-53.1%

Summary: Homes in Winnetka had an average of 6 days on market in May 2024, down by 53.1% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 15 homes were sold in Winnetka; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

Newest Listings in Winnetka, IL

Nearby Markets to Winnetka, IL

What housing markets are near Winnetka, IL?