Is Winnetka, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$1,556,460
$401/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $163.7K | $220K | +34.4% |
2 Bedrooms | $440K | $545K | +23.9% |
3 Bedrooms | $725K | $822.5K | +13.4% |
4 Bedrooms | $1.2M | $1.5M | +20.7% |
5+ Bedrooms | $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 | $1.3M | $1.5M | +12.4% |
New Trier Township | $990.7K | $1.0M | +4.6% |
Glencoe | $1.3M | $1.3M | -0.2% |
Northfield | $775.5K | $659K | -15.0% |
Kenilworth | $1.9M | $1.6M | -18.3% |
Housing Supply in Winnetka, IL
How many homes are available in Winnetka, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 51 | -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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 7 | 5 | -28.6% |
4 Bedrooms | 14 | 18 | +28.6% |
5+ Bedrooms | 28 | 26 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 11 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 11 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
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.