Community Corner

Wilmette Has Winnetka-Glencoe Beat In Affordable Houses

If you're hunting for a moderately priced home this weekend, you might not want to rule out Wilmette, Chicago Real Estate Daily reports.

This might not come as a surprise if you're new to the neighborhood, but Winnetka and Glencoe have the moderately priced housing options many of its neighbors do. A new report by Chicago Real Estate Daily has it by the numbers. 

Among the Chicago area's priciest real-estate markets, Wilmette has 18 homes listed below the most listings priced at less than $500,000, more than any other high-price suburb, according to Chicago Real Estate Daily. Winnetka and Glencoe each have two.
Wilmette has a median home sale price of $569,500, with sales ranging from $319,900 to $4.8 million. Winnetka's median home value is $972,500, with properties ranging from $485,000 to $9.4M. In Glencoe the median is $960,000, with homes ranging from $349,000 to $4.3M.

"[Moderately priced] homes have always been coveted by young couples from the city seeking a top-tier school district for their children," the Chicago Real Estate Daily report reads. "But demand is picking up this year amid the stronger city condo market, allowing them to sell there and buy in the suburbs, said Prudential Rubloff broker Scott Meland, who is listing a two-bedroom Wilmette home for $339,000."

Read the full report here.

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