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 November 2021

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.

How much do homes in Winnetka, IL cost?

Median Sold Price

$1,355,000

$385/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$155,000(+12.9%)

Key Takeaway

Homes in Winnetka have sold for 12.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $165K$164.9K
0%
2 $330K$475K
+43.9%
3 $692.7K$629K
-9.2%
4 $1.2M$1.3M
+5.7%
5+ $1.6M$2.0M
+25.6%

Median Sold Price Compared To Nearby Cities

Glencoe
+30.1%
Kenilworth
+22.1%
New Trier Township
+13.0%
Winnetka
+12.9%
Northfield
+6.6%

How many homes are available in Winnetka, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
5547-14.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 64
-33.3%
3 77
0.0%
4 1510
-33.3%
5+ 2726
-3.7%

Number of Homes Sold

Oct 2022Nov 2022%
1411-21.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 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. 54.5% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
22 Days45 Days+102.9%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Winnetka, IL

There are 47 homes are for sale in Winnetka, IL real estate market. Between October 2022 and November 2022, Winnetka, IL real estate market has seen decrease in the number of listings by 14.5%. While the average time on the market in November 2022 was 45 days, the median list price was $1,355,000. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices did not change, prices of 2 bedrooms properties went up by 43.9%, the cost of 3 bedrooms properties went down by 9.2%, prices of 4 bedrooms properties went up by 5.7%, 5 bedrooms properties became 25.6% more expensive. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 33.3% less available, the quantity of 3 bedrooms homes have not changed, the quantity of 4 bedrooms homes went down by 33.3%, the quantity of 5 bedrooms homes went down by 3.7%. In November 2022 more than 6 listings in Winnetka, IL were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 4 were sold below.

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