Craig Sebert's Market Report

Wheaton, IL

Single-Family Homes

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



Wheaton, IL

Wed Jun 16 2021
This week the median list price for Wheaton, IL is $540,000 with the market action index hovering around 54. This is less than last month's market action index of 57. Inventory has increased to 119. 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.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Wheaton, IL

Wed Jun 16 2021
This week the median list price for Wheaton, IL is $540,000 with the market action index hovering around 54. This is less than last month's market action index of 57. Inventory has increased to 119. 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.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Wheaton market.
Median List Price $540,000
Median Price of New Listings $464,900
Per Square Foot $213
Average Days on Market 76
Median Days on Market 28
Price Decreased 50%
Price Increased 3%
Relisted 22%
Inventory 119
Median Rent $2,250
Market Action 54
Strong Seller's Market

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,030,000 4,734 0.25 - 0.5 acre 5 5 17 3 0 56
$650,000 3,092 0.25 - 0.5 acre 4 3 33 7 7 28
$484,450 2,255 0.25 - 0.5 acre 4 2 42 7 4 21
$337,450 1,575 0.25 - 0.5 acre 3 2 66 10 11 10