Is Winnetka, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Winnetka has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $210K | +31.3% |
2 Bedrooms | $362.5K | $545K | +50.3% |
3 Bedrooms | $877.5K | $935K | +6.6% |
4 Bedrooms | $1.3M | $1.5M | +22.6% |
5+ Bedrooms | $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 | $1.3M | $1.4M | +14.6% |
Winnetka | $1.4M | $1.5M | +13.5% |
New Trier Township | $998.9K | $1.0M | +4.0% |
Northfield | $800K | $757K | -5.4% |
Kenilworth | $1.9M | $1.4M | -22.0% |
Housing Supply in Winnetka, IL
How many homes are available in Winnetka, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
81 | 83 | +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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 15 | 13 | -13.3% |
4 Bedrooms | 21 | 25 | +19.0% |
5+ Bedrooms | 42 | 41 | -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 2024 | Jun 2024 | CHANGE |
---|---|---|
17 | 19 | +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
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 2023 | Jun 2024 | CHANGE |
---|---|---|
19 Days | 15 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
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.