The Wheaton housing market is still running hot heading into summer. Median sale price hit $451K in the latest data — up 21.5% year-over-year according to Redfin. Homes are averaging 6 offers and selling at 103% of list price, meaning most buyers are paying above asking. Active inventory across the city sits around just 86 homes.
Why it matters
If you've been thinking about selling, you're sitting on a market that's still near its peak. If you're buying, come in pre-approved and ready to move fast — with only 86 homes available and 6 offers per listing, the window to buy at asking price is basically nonexistent.
Source: https://www.redfin.com/city/20295/IL/Wheaton/housing-market
