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 June 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

$1,595,000

$434/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$190,000(+13.5%)

Key Takeaway

Homes in Winnetka have sold for 13.5% more than they did a year ago.

Summary: The median home sold price in Winnetka was $1,595,000 in June 2024, up 13.5% from last year, and the median price per square foot was $434.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $160K$210K
+31.3%
2 $362.5K$545K
+50.3%
3 $877.5K$935K
+6.6%
4 $1.3M$1.5M
+22.6%
5+ $2.0M$2.2M
+8.2%

Summary: Winnetka housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.3%, 2 bedroom homes increased by 50.3%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes increased by 8.2%.

Median Sold Price Compared To Nearby Cities

Glencoe
+14.6%
Winnetka
+13.5%
New Trier Township
+4.0%
Northfield
-5.4%
Kenilworth
-22.0%

Housing Supply in Winnetka, IL

How many homes are available in Winnetka, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
8183+2.5%

Summary: The Winnetka real estate market had 83 homes for sale in June 2024, a 2.5% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 11
0.0%
2 23
+50.0%
3 1513
-13.3%
4 2125
+19.0%
5+ 4241
-2.4%

Summary: The Winnetka housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 2.4%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1719+11.8%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

13 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. 68.4% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in Winnetka in June 2024, up by 11.8% month-over-month. Of the 19 sold homes, 11% were sold under asking, 21% were sold at asking, and 68% 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

Jun 2023Jun 2024CHANGE
19 Days15 Days-17.4%

Summary: Homes in Winnetka had an average of 15 days on market in Jun 2024, down by 17.4% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

4 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 June 2024, 19 homes were sold in Winnetka; 79% of homes were sold within 30 days, 21% 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 26 Days Ago

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