Is Wheaton, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wheaton has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $225K | +66.7% |
2 Bedrooms | $212K | $235K | +10.8% |
3 Bedrooms | $350K | $395.5K | +13.0% |
4 Bedrooms | $570K | $600K | +5.3% |
5+ Bedrooms | $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 | $375K | $424.5K | +13.2% |
Wheaton | $384.2K | $425.6K | +10.8% |
Carol Stream | $305.1K | $330K | +8.2% |
Milton Township | $400.5K | $428.8K | +7.1% |
Glen Ellyn | $448.7K | $464.2K | +3.5% |
Housing Supply in Wheaton, IL
How many homes are available in Wheaton, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
134 | 166 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 28 | 32 | +14.3% |
3 Bedrooms | 43 | 46 | +7.0% |
4 Bedrooms | 51 | 62 | +21.6% |
5+ Bedrooms | 9 | 24 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 66 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 15 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
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.