Winnetka appreciation rates and housing market information

Winnetka housing market information

With a population of 12,388, 4,301 total housing units (homes and apartments), and a median house value of $1,355,292, Winnetka house prices are not only among the most expensive in Illinois, Winnetka real estate also is some of the most expensive in all of America.

Winnetka is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Winnetka than is found in 99.43% of the communities in America.

And, as is not surprising, these large homes are primarily owner-occupied (86.51%).

The housing in Winnetka was primarily built before 1939 (61.78%), making the housing stock in Winnetka some of the older overall in America, although there is a range of ages of homes in Winnetka. The next most important Winnetka housing age is 1940-1969 (24.97%), followed by 1970-1994 (9.88%). There's also some housing in Winnetka built between 1995 and later (3.37%).

Winnetka home appreciation rates

Appreciation rates for homes in Winnetka have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 80.37%, which ranks in the top 40% nationwide. This equates to an annual average Winnetka house appreciation rate of 8.03%.

Over the last year, Winnetka appreciation rates have trailed the rest of the nation. In the last twelve months, Winnetka's appreciation rate has been -3.76%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Winnetka were at -0.53%, which equates to an annual appreciation rate of -2.12%.

Notably, Winnetka's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Illinois, our data show that Winnetka's latest annual appreciation rate is higher than 21% of the other cities and towns in Illinois.