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Featured local agent — Wilmette, IL
Sarah Mitchell
Compass Real Estate · Wilmette, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Wilmette, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.30Mmedian sale price
How is the Wilmette, IL housing market right now?
The median home sale price in Wilmette, IL is $1.30M. Homes sell in an average of 35 days with 66 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Wilmette a buyer's or seller's market?
Wilmette, IL is currently a strong seller's market, based on 1.5 months of supply and homes selling in about 35 days. How we determine this →
Homes sold
44
Last 12 weeks
Days on market
35
Average pace
Active listings
66
1.5 months supply
Sale-to-list
106.6%
Above asking
What does the Wilmette housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.30M |
| Median list price | $949,000 |
| Average days on market | 35 days |
| Active inventory | 66 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 106.6% |
| Median price per sq ft | $473/sq ft |
| Homes sold (latest month) | 44 |
| New listings (latest month) | 54 |
| Listings with a price cut | 6.1% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Wilmette by property type?
How the Wilmette, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.34M | $489/sq ft | 40 | 34 days |
| Condo / Co-op | $280,335 | $265/sq ft | 2 | 45 days |
| Townhouse | $470,000 | $343/sq ft | 2 | 46 days |
Source: Redfin · Updated monthly
The Wilmette housing market is currently classified as a strong seller's market with a median sale price of $1.30M. Prices have fallen 0.0% compared to last year, with homes spending an average of 35 days on market, indicating 1.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.2x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Wilmette
There are currently 66 homes listed for sale in Wilmette, Illinois. The median listing price is $949K.
Active listings
66
Homes on market
Median list price
$949K
Avg. days on market
35
Days until sale
New this week
54
Newly listed
Who lives in Wilmette?
Population
27,550
Median income
$192,300/yr
Median age
45.7 years
Owner-occupied
88.4%
College grads
84.6%
Avg commute
35 min
Source: U.S. Census Bureau ACS
What are homes worth in Wilmette?
Zillow home value
$994,311
Zillow rent index
$4,223/mo
Price-to-rent ratio
19.6x
Price-to-income
5.2x
Source: Zillow Research
What is it like to live in Wilmette?
Wilmette is a community of approximately 28K residents with a median age of 45.7 years.The median household income is $192,300, which reflects a relatively affluent area with strong earning potential. 84.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 88.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 35 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Wilmette offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Wilmette?
7 schools tracked · 3,552 students
The largest public schools serving Wilmette, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Wilmette Junior High School
Grades 7-8 · 770 students
Highcrest Middle School
Grades 5-6 · 747 students
Romona Elem School
Grades PK-4 · 479 students
McKenzie Elem School
Grades K-4 · 463 students
Central Elem School
Grades K-4 · 456 students
Harper Elem School
Grades K-4 · 370 students
Marie Murphy School
Grades 6-8 · 267 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Wilmette, IL?
Want a head-to-head view? Compare Wilmette side-by-side with any other U.S. city using our market-comparison tool.
Is Wilmette a good real estate investment market?
For investors evaluating Wilmette, the price-to-rent ratio of 19.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 0.0% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Wilmette's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Wilmette's median home price.
Frequently asked questions
What is the average home price in Wilmette?
The median home sale price in Wilmette is $1.30M, down 0.0% from last year.
How long do homes stay on market in Wilmette?
Homes typically spend 35 days on market before going under contract.
What is the median income in Wilmette?
The median household income is $192,300 per year.
Is Wilmette a buyer's or seller's market?
With 1.5 months of supply, Wilmette is currently a strong seller's market.
What is the Zillow home value estimate for Wilmette?
The Zillow Home Value Index (ZHVI) for Wilmette is $994,311, representing the typical home value in the area.
What is the median condo price in Wilmette?
The median condo/co-op sale price in Wilmette, IL is $280,335, compared to $1.34M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Wilmette?
The median single-family home price in Wilmette, IL is $1.34M (about $489 per square foot).
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