Market Edge Report

Wilmette, IL

Single-Family Homes

BHHSChicago.com



Wilmette, IL

Mon Feb 06 2023
This week the median list price for Wilmette, IL is $1,064,000 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has increased to 18. Click here to stay informed with the Wilmette market!

Market Action Index

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

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Wilmette, IL

Mon Feb 06 2023
This week the median list price for Wilmette, IL is $1,064,000 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has increased to 18. Click here to stay informed with the Wilmette market!

Market Action Index

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

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Wilmette market.
Median List Price $1,064,000
Median Price of New Listings $1,350,000
Per Square Foot $345
Average Days on Market 117
Median Days on Market 95
Price Decreased 28%
Price Increased 11%
Relisted 28%
Inventory 18
Median Rent
Market Action 48
Strong Seller's Market

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$2,010,000 4,370 8,000 - 10,000 sqft 5 5.3 0 1 0 21
$1,497,000 4,543 0.25 - 0.5 acre 4 4.5 16 2 1 63
$939,000 3,000 6,500 - 8,000 sqft 4 3 67 1 1 91
$389,000 1,215 4,500 - 6,500 sqft 3 2 67 1 2 182