Real Estate Market Update – January 2021 – Winnetka IL 60093
Seller’s Market – The Winnetka Illinois $500,000 to $2,000,000 price range remains a seller’s market which is unchanged from last month and the same time last year. This Winnetka Illinois price category went into January 2021 and ended 2020 with 1/6 moth’s of inventory to sell which is down over 50% compared to December 2019. At the end of December 2020 there were are 5 pending sales which is a 25% increase or 1 more home from last year at this time. At the end of 2020 in Winnetka, there were 54 homes on the market which had active listings. (48 single family and 6 condos) As far as closed listings for the month of December 2019 vs 2020, 2020 continues to outperform in all areas. Winnetka saw 8 more homes close in Dec. 2020 vs Dec 2019 which is a increase of 47% and close vloume was up 92% which resulted in $15 Million more of closed sales in for the month of December in 2020 vs 2019. Average Sales prices were also up considerably to nearly 31% which is an increase of nearly $300,000 in the average Winnetka’s home asking price over the same time in December 2019.
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