Is New Trier Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, New Trier Township has remained a Seller's Market.
Housing Prices in New Trier Township, IL
How much do homes in New Trier Township, IL cost?
Median Sold Price
$1,045,555
$368/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Trier Township was $1,045,555 in May 2024, up 4.8% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167.5K | $225K | +34.3% |
2 Bedrooms | $420K | $395K | -6.0% |
3 Bedrooms | $615K | $650K | +5.7% |
4 Bedrooms | $1.1M | $1.2M | +14.5% |
5+ Bedrooms | $1.8M | $2.0M | +12.2% |
Summary: New Trier Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.3%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Cities
Winnetka | $1.4M | $1.5M | +12.8% |
New Trier Township | $998K | $1.0M | +4.8% |
Wilmette | $819.8K | $857.5K | +4.6% |
Northfield | $800K | $682.5K | -14.7% |
Kenilworth | $1.9M | $1.5M | -21.6% |
Housing Supply in New Trier Township, IL
How many homes are available in New Trier Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
276 | 305 | +10.5% |
Summary: The New Trier Township real estate market had 305 homes for sale in May 2024, a 10.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 22 | 19 | -13.6% |
3 Bedrooms | 54 | 63 | +16.7% |
4 Bedrooms | 98 | 101 | +3.1% |
5+ Bedrooms | 100 | 120 | +20.0% |
Summary: The New Trier Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.6%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
76 | 82 | +7.9% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
51 Homes Were Sold
Over Asking
Summary: A total of 82 homes were sold or pending in New Trier Township in May 2024, up by 7.9% month-over-month. Of the 82 sold homes, 26% were sold under asking, 12% were sold at asking, and 62% were sold over asking.
Days on Market for New Trier Township, IL
How long does it take to sell a home in New Trier Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 11 Days | -25.3% |
Summary: Homes in New Trier Township had an average of 11 days on market in May 2024, down by 25.3% compared to last year.
Breakdown of Home Sale Times
77 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 82 homes were sold in New Trier Township; 94% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.