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 March 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

$1,556,460

$401/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$171,460(+12.4%)

Key Takeaway

Homes in Winnetka have sold for 12.4% more than they did a year ago.

Summary: The median home sold price in Winnetka was $1,556,460 in March 2024, up 12.4% from last year, and the median price per square foot was $401.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $163.7K$220K
+34.4%
2 $440K$545K
+23.9%
3 $725K$822.5K
+13.4%
4 $1.2M$1.5M
+20.7%
5+ $2.1M$2.2M
+2.9%

Summary: Winnetka housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.4%, 2 bedroom homes increased by 23.9%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Cities

Winnetka
+12.4%
New Trier Township
+4.6%
Glencoe
-0.2%
Northfield
-15.0%
Kenilworth
-18.3%

Housing Supply in Winnetka, IL

How many homes are available in Winnetka, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5351-3.8%

Summary: The Winnetka real estate market had 51 homes for sale in March 2024, a 3.8% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 75
-28.6%
4 1418
+28.6%
5+ 2826
-7.1%

Summary: The Winnetka housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 7.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 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. 63.6% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Winnetka in March 2024, down by 8.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 0% were sold at asking, and 64% 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

Mar 2023Mar 2024CHANGE
43 Days11 Days-74.4%

Summary: Homes in Winnetka had an average of 11 days on market in Mar 2024, down by 74.4% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

1 Home Was 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 March 2024, 11 homes were sold in Winnetka; 91% of homes were sold within 30 days, 9% 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 18 Days Ago

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