Elusive Winnetka home sales, median price up 37% since 2019

 

A modest and charming home pictured earlier this winter near New Trier High School in Winnetka. All photos Eric Rojas, Broker, Kale Realty

Finding and securing a home in North Shore suburban communities is a challenge with the recent phenomenon of high mortgage interest rates and low home inventory.  Winnetka is no different.  Our buyers are searching with a budget under $850,000 making choices further scarce. 

Single family home sales in Winnetka

A CMAP study shows Winnetka has 4,034 single family home units.  188 single family homes sold  on the public multiple listing service (MLS) in 2023 with a median price of $1,675,000. Unit sales are down 22% from 2022 and median price is up 9% from last year.

Winnetka features a traditional downtown and a Union Pacific North Metra station.

The lowest priced home sold was $500,000 at 996 Chatfield Road, Winnetka IL 60093 and was purchased cash. Six out of the ten lowest priced homes in Winnetka were bought cash money... I'd gather most of the ten homes will be significantly renovated. 

- The highest priced estate sold in 2023 (on the MLS) was 691 Sheridan Road, Winnetka IL 60093 for $12,500,000   One other estate sold for $12,250,000 and then the next highest was just over $6 million.

- In 2021, 340 Winnetka single family homes sold in the low interest rate pandemic frenzy. Median price was significantly lower than 2023 at $1,300,000.  

- In pre-pandemic 2019, 234 single family homes closed with a median price of  $1,215,000. Median price is up 37% from 2019 through 2023.

Currently for sale

-Only eleven homes are currently listed on the public MLS for sale starting at over $790,000. 

-There are another thirteen homes listed on the Private Listing Network with the lowest asking price at $1,189,000.  

Contact Eric Rojas, Kale Realty to buy and sell homes in Chicago and near suburbs. erojas@kalerealty.com - ericrojasblog.com

 

Winnetka home sales 2017-2018 (including a $10M cash sale this year!)

A beautiful Winnetka setting with homes surrounding West Elm Park (all photos Eric Rojas, Broker, Kale Realty).

We have been in the Village of Winnetka over the last two weeks meeting with buyers and sellers.  One client will be selling their long time home and moving to downtown Chicago. Winnetka is a beautiful "blue chip" North Shore suburb with some of the best ranked schools in the state (and country!). The downtown is charming and delivers on restaurants, coffee, boutique shopping and services. 

Even modest homes bring the charm (and command a premium) near the downtown.

Winnetka home sales this year
So far in 2018, 43 single family homes have sold with a median price about $1,200,000. The highest sale to close is the spectacular 3 acre lakefront property at 735 Sheridan, Winnetka IL 60093 for a cool $10M cash.  The lowest priced sold home this year is 250 Woodlawn Avenue, Winnetka IL 60093 for $415,000.

Winnetka single family home sales 2017
254 single family homes sold over 2017 with a median price of about $1.1 million.  The lowest priced property sold was 87 Locust Road, Winnetka IL 60093 for $320,000.  The short sale is on a nice sized 66'x200' lot.  The highest priced sold property was 973 Sheridan Winnetka, IL 60093 for $6,187,000 cash.  The massive estate has private beachfront on Lake Michigan.

In 2016 242 homes sold with a median price about $1,225,000.

Large traditional house along West Elm Park.

The downtown offers vintage architecture mixed with redevelopment, new and old businesses.

The downtown Winnetka Metra Union Pacific North line at 754 W  Elm. The popular Metra line to downtown Chicago is a main draw throughout the North Shore suburbs.