The Wilmette IL Real Estate report for April is here and the stats are a bit below than last year at this time. 2015 was a booming market but at this time we have 13.5% less new listings of all types of property, this includes single family homes as well as condos. This reporting period shows 17.2% less closed sales and a 22.4% gain in inventory of all types of property. New property listings for single family homes are down 18.2% from 88 last year at this time to 72 this month. Closed sales are down in March from 24 single family homes in Wilmette to 20 houses that is 16.7 less and the average sales price for a home in Wilmette IL is down 21.3% to $960,600 from $1,219,841 a year ago. A great home buying opportunity to move to wonderful Wilmette IL is available at this time. The average market time until a sale is down 5% from 60 days last year to only 57 days in March.
Wilmette does not have very many condominiums so the numbers a lower as compared to single family homes. New listing of condos are up 12.5% from 16 in March of 2015 to 18 in March of this year. The number of under contract condos is exactly the same at 14 in the last month and the average sales price has not changed much from $347,000 last year to the present price of $347,875.
Take a look at the local inventory by clicking Wilmette house for sale and Wilmette Condos for sale. This data is directly from the Multiple Listing Service (MLS) and updated on the fly.
Wilmette is one of the most popular villages on Chicago’s North Shore and a great place to raise a family. Part of the New Trier school district so children will have the best education available. Wilmette has excellent public transportation via the Metra and “EL” trains and a trip to down town Chicago is under 30 minutes.
If you have any questions, feel free to contact us at Coldwell Banker Wilmette (800) 858-7917