Craig Sebert's Market Report

Wheaton, IL

Single-Family Homes

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



Wheaton, IL

Sat Jul 31 2021
This week the median list price for Wheaton, IL is $507,450 with the market action index hovering around 47. This is less than last month's market action index of 52. Inventory has held steady at or around 128. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Sat Jul 31 2021
This week the median list price for Wheaton, IL is $507,450 with the market action index hovering around 47. This is less than last month's market action index of 52. Inventory has held steady at or around 128. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $507,450
Median Price of New Listings $420,000
Per Square Foot $213
Average Days on Market 69
Median Days on Market 35
Price Decreased 46%
Price Increased 2%
Relisted 23%
Inventory 128
Median Rent $2,120
Market Action 47
Strong Seller's Market

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$975,000 4,578 0.25 - 0.5 acre 5 4 16 2 2 66
$589,450 2,941 0.25 - 0.5 acre 4 3 38 4 7 49
$428,450 2,150 0.25 - 0.5 acre 4 2 62 6 5 28
$319,000 1,323 0.25 - 0.5 acre 3 1 68 6 5 21