Craig Sebert's Market Report

Wheaton, IL

Single-Family Homes

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



Wheaton, IL

Mon May 17 2021
This week the median list price for Wheaton, IL is $575,000 with the market action index hovering around 59. This is an increase over last month's market action index of 57. Inventory has increased to 105. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Wheaton, IL

Mon May 17 2021
This week the median list price for Wheaton, IL is $575,000 with the market action index hovering around 59. This is an increase over last month's market action index of 57. Inventory has increased to 105. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Wheaton market.
Median List Price $575,000
Median Price of New Listings $517,450
Per Square Foot $219
Average Days on Market 98
Median Days on Market 14
Price Decreased 30%
Price Increased 2%
Relisted 14%
Inventory 105
Median Rent $2,250
Market Action 59
Strong Seller's Market

The market seems to have paused around this plateau. 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
$1,014,999 4,446 0.25 - 0.5 acre 5 4 17 2 1 52
$687,000 3,145 0.25 - 0.5 acre 4 3 30 11 2 10
$515,000 2,478 0.25 - 0.5 acre 4 2 48 9 6 14
$304,900 1,444 8,000 - 10,000 sqft 3 2 67 12 7 7