Is Wheaton, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wheaton is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Wheaton has remained a Seller's Market.

Key Takeaway

Wheaton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Wheaton, IL

How much do homes in Wheaton, IL cost?

Median Sold Price

$425,600

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$41,343(+10.8%)

Key Takeaway

Homes in Wheaton have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in Wheaton was $425,600 in April 2024, up 10.8% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $135K$225K
+66.7%
2 $212K$235K
+10.8%
3 $350K$395.5K
+13.0%
4 $570K$600K
+5.3%
5+ $675K$715K
+5.9%

Summary: Wheaton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 5.9%.

Median Sold Price Compared To Nearby Cities

Winfield
+13.2%
Wheaton
+10.8%
Carol Stream
+8.2%
Milton Township
+7.1%
Glen Ellyn
+3.5%

Housing Supply in Wheaton, IL

How many homes are available in Wheaton, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
134166+23.9%

Summary: The Wheaton real estate market had 166 homes for sale in April 2024, a 23.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 32
-33.3%
2 2832
+14.3%
3 4346
+7.0%
4 5162
+21.6%
5+ 924
+166.7%

Summary: The Wheaton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 166.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4366+53.5%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

35 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wheaton, you could pay more than the asking price. 53% of homes here sold above asking price last month.

Summary: A total of 66 homes were sold or pending in Wheaton in April 2024, up by 53.5% month-over-month. Of the 66 sold homes, 33% were sold under asking, 14% were sold at asking, and 53% were sold over asking.

Days on Market for Wheaton, IL

How long does it take to sell a home in Wheaton, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
18 Days15 Days-16.7%

Summary: Homes in Wheaton had an average of 15 days on market in Apr 2024, down by 16.7% compared to last year.

Breakdown of Home Sale Times

60 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wheaton are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 66 homes were sold in Wheaton; 91% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% 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 1 Day Ago

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