The number of North Shore homes sales in the 3rd quarter of 2025 was down less than 1% as compared to the 3rd quarter of 2024. Market time was down 11% and median prices saw a significant 7% increase. Overall, it was another strong quarter for North Shore home sellers. While the number of sales was down slightly, that was due to the very small inventory. Average market time was 33 days which is well below a typical market time of approximately 100 days.
Here are the 3rd Quarter Statistics:
| Number of Homes Sales | Average Market Time | |||||||
| 3rd Q 24 | 3rd Q 25 | 3rd Q 24 | 3rd Q 25 | |||||
| Wilmette | 71 | 93 | 30 | 28 | ||||
| Evanston | 97 | 98 | 37 | 25 | ||||
| Winnetka | 57 | 54 | 25 | 42 | ||||
| Glenview | 127 | 127 | 22 | 27 | ||||
| North Shore | 1031 | 1023 | 37 | 33 | ||||
| Average Home Price (in thousands) | Median Home Price (in thousands) | |||||||
| 3rd Q 24 | 3rd Q 25 | % Change | 3rd Q 24 | 3rd Q 25 | % Change | |||
| Wilmette | 1317 | 1401 | 6% | 1200 | 1230 | 3% | ||
| Evanston | 850 | 928 | 9% | 757 | 806 | 6% | ||
| Winnetka | 2055 | 2940 | 43% | 1715 | 1880 | 10% | ||
| Glenview | 994 | 1006 | 1% | 876 | 870 | -1% | ||
| North Shore | 1046 | 1139 | 9% | 820 | 875 | 7% | ||
The above statistics are for detached single family homes and were compiled from data collected by the Multiple Listing Service (Midwest Real Estate Data LLC), and may not include all home sales
Prices: Prices in the 3rd quarter were up substantially when compared to last year at this time. Last year prices had gone up a lot from the prior year and this year the gains continued. As is typical when pulling just one quarter of sales, the statistical price changes in individual suburbs varied. Winnetka’s average price went up an astounding 43% while Glenview’s median price went down 1%. Neither of those numbers is what happened in reality—one is too high, and one is too low. This once again proves that the sample size of one suburb for one quarter is too small to get a reliable number. The North Shore’s median price increase of 7%, which is a significant gain, is closer to what actually happened in all of these suburbs.
Inventory: Inventory last year had decreased to historic lows. This year, it has decreased even further. Wilmette has 32 single-family homes on the market that are not under contract. Last year at this time there were 41 active homes in Wilmette. Evanston, on the other hand, has 49 active homes currently, and last year it had 46 at this time so it has seen a small increase. Winnetka has 28 active homes, last year there were 37. Glenview has had a small inventory decrease going from 82 to 79 homes. The North Shore as a whole has had a decrease, going from 697 to 614. Normally there would be between 1500 and 2000 homes on the market at this time.
Interest Rates: Interest Rates have bounced around a lot over the past year. At some points they exceeded 7%, but they have come down recently and are currently around 6% for a 30-year fixed rate conforming loan. That is approximately the same as they were last year at this time.
The highest sale price in the North Shore in the 3rd quarter was $31,125,000 for a 14,000 sq foot 1928 home on the lakefront in East Winnetka that is in pristine condition and located on 2.3 acres of land. Designed by Mayo & Mayo and known as the “Windsor House” this home has an infinity pool, a botanical garden, boathouse, several patios overlooking the lake and much more. This was also the highest sale price ever for a single-family home in Illinois.
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