Real Estate
Homes Prices Slowly Inch Up in Winnetka
While home prices appear to be on the rise in Winnetka, several other suburbs throughout the Chicago area continue to see prices hold steady or continue to drop, according to Crain's Chicago Business.
Written by Amie Schaenzer.
The housing market appears to slowly be rebounding in Winnetka, Northfield and Glencoe as home prices begin to inch up, according to a Crain's interactive map on area housing prices.
The one-year change in prices for Winnetka and Northfield homes is up 5 percent, while Glencoe home prices increased by 2 percent, according to Crain's. Still, the five year change in prices is down. In Winnetka and Northfield, the cost of a home is on average 22.3 percent less today than it was five years ago; Glencoe home prices on average are down 23.2 percent from five years earlier, according to Crain's interactive map.
The Chicago suburb that saw the biggest increase is Austin — located just west of the city — which saw a 16.6 percent change over the past year in home prices while Palos Park saw the largest decrease in home prices at -6.2 percent, according to a different Crain's graphic.
Check out Crain's interactive map to see how other area suburbs compare and to learn more about home prices throughout the area.
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