Winnetka North Shore Condo Update November 2023

By
Real Estate Agent with @Properties

North Shore condos are . . . scarce. Let's be honest, they're selling as fast as homes. 

In the North Shore communities, there are just 16 condos for sale plus 3 in the MLS Private Market.  One condo is for sale in Glencoe, 2 in Northfield, 13 in Wilmette, and 3 in Winnetka. 

They range in price from a 1-bedroom/1-bath condo for $159,000 to a 2-bedroom/2 1/2 bath in Wilmette on the lake for $1,100,000. The private market has a Winnetka 3-bedroom/ 3 1/2-bath condo without a list price that I understand will be listed at around $1,500,000. That is located in the new "Walden" building on Green Bay Road which is still under construction.

At the beginning of this article, I said condos for sale are scarce. However, sales in the past decade (below) show some years just slightly higher than 2023. In other words, they have had low inventory years before. 

 

Past Decade Total North Shore Sales in Winnetka, Wilmette,
Kenilworth, Glencoe, & Northfield - January to November 9

2023 138
2022 173
2021 216
2020 148
2019 130
2018 141
2017 175
2016 168
2015 143
2014 166

 

Nothing is as it seems with real estate. Let's hope we have more inventory of both homes and condos in 2024. 

While you're here, please see all condos for sale in:

 

Winnetka

Condos

Townhouses

Wilmette

Condos

Townhouses

Glencoe

Condos

Townhouses

Northfield

Condos

Townhouses

 

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Winnetka and North Shore Real Estate Broker
Specializing in homes for sale in Winnetka, Wilmette, Kenilworth, Northfield, Glencoe, Glenview, Northbrook, and Evanston.

Comments (3)

Dennis Neal
RE/MAX, Big Bear - Big Bear Lake, CA
Your Home Sold in 21 Days or We Sell It For Free

Margaret, your update on the North Shore condo market is invaluable! The scarcity of available units and the diverse price range provide a clear snapshot of the current real estate landscape. Your historical sales data adds depth to the analysis. Here's to hoping for increased inventory in 2024! 🏡📈

Nov 15, 2023 12:45 PM
Margaret Goss
@Properties - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

Thanks, Dennis Neal. The condo market is big here even with this lack of inventory. Many older homeowners are looking to downsize into condos or townhouses so I'm hoping the inventory gets better too!

Nov 15, 2023 02:01 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Margaret Goss  hope this post will generate some listings for you, Endre

Nov 15, 2023 08:57 PM