Craig Sebert's Market Report

Wheaton, IL

Single-Family Homes

Craig.Sebert@kw.com | (331) 481-3051 | CraigSebert.com



Wheaton, IL

Tue Oct 20 2020
This week the median list price for Wheaton, IL is $475,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 178. Click here to stay informed with the Wheaton market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Wheaton, IL

Tue Oct 20 2020
This week the median list price for Wheaton, IL is $475,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 178. Click here to stay informed with the Wheaton market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Wheaton market.
Median List Price $475,000
Per Square Foot $203
Days on Market 184
Price Decreased 53%
Price Increased 4%
Relisted 31%
Inventory 178
Median Rent $1,775
Most Expensive $2,650,000
Least Expensive $199,900
Market Action 32
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$940,950 4,580 0.25 - 0.5 acre 5 5 14 2 3 331
$562,500 2,844 0.25 - 0.5 acre 4 3 31 2 7 175
$410,000 2,167 0.25 - 0.5 acre 4 3 50 3 3 121
$305,000 1,428 8,000 - 10,000 sqft 3 2 66 7 6 112