Is Wilmette, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Wilmette has remained a Seller's Market.
Housing Prices in Wilmette, IL
How much do homes in Wilmette, IL cost?
Median Sold Price
$857,500
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wilmette was $857,500 in May 2024, up 4.6% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $171K | +10.3% |
2 Bedrooms | $455K | $394.4K | -13.3% |
3 Bedrooms | $571.5K | $596.1K | +4.3% |
4 Bedrooms | $955K | $1.0M | +12.0% |
5+ Bedrooms | $1.6M | $1.7M | +3.1% |
Summary: Wilmette housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Cities
Evanston Township | $377.5K | $401.2K | +6.3% |
Evanston | $377.4K | $401K | +6.2% |
New Trier Township | $998K | $1.0M | +4.8% |
Wilmette | $819.8K | $857.5K | +4.6% |
Kenilworth | $1.9M | $1.5M | -21.6% |
Housing Supply in Wilmette, IL
How many homes are available in Wilmette, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
128 | 116 | -9.4% |
Summary: The Wilmette real estate market had 116 homes for sale in May 2024, a 9.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 14 | 11 | -21.4% |
3 Bedrooms | 29 | 31 | +6.9% |
4 Bedrooms | 44 | 37 | -15.9% |
5+ Bedrooms | 39 | 36 | -7.7% |
Summary: The Wilmette housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 45 | -4.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Wilmette in May 2024, down by 4.3% month-over-month. Of the 45 sold homes, 20% were sold under asking, 11% were sold at asking, and 69% were sold over asking.
Days on Market for Wilmette, IL
How long does it take to sell a home in Wilmette, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 10 Days | -29.0% |
Summary: Homes in Wilmette had an average of 10 days on market in May 2024, down by 29% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 45 homes were sold in Wilmette; 93% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.