Is Winnetka, 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, Winnetka has remained a Seller's Market.
Housing Prices in Winnetka, IL
How much do homes in Winnetka, IL cost?
Median Sold Price
$1,537,500
$416/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Winnetka was $1,537,500 in April 2024, up 11% from last year, and the median price per square foot was $416.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $163.7K | $220K | +34.4% |
2 Bedrooms | $437.5K | $570K | +30.3% |
3 Bedrooms | $725K | $864K | +19.2% |
4 Bedrooms | $1.2M | $1.4M | +14.3% |
5+ Bedrooms | $2.0M | $2.2M | +8.0% |
Summary: Winnetka housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.4%, 2 bedroom homes increased by 30.3%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
Winnetka | $1.3M | $1.5M | +11.0% |
Glencoe | $1.3M | $1.3M | +3.6% |
New Trier Township | $998.5K | $1.0M | 0.5% |
Northfield | $776K | $662K | -14.7% |
Kenilworth | $1.9M | $1.5M | -19.8% |
Housing Supply in Winnetka, IL
How many homes are available in Winnetka, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 61 | +19.6% |
Summary: The Winnetka real estate market had 61 homes for sale in April 2024, a 19.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 5 | 10 | +100.0% |
4 Bedrooms | 19 | 24 | +26.3% |
5+ Bedrooms | 25 | 25 | 0.0% |
Summary: The Winnetka housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 14 | +27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Winnetka in April 2024, up by 27.3% month-over-month. Of the 14 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 17 Days | +1.7% |
Summary: Homes in Winnetka had an average of 17 days on market in Apr 2024, up by 1.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Winnetka; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.