Wilmette Housing Market Update: Prices Jump, Sales Slow in February
Wilmette, IL – March 17, 2026 – Home prices climbed sharply in February while sales slowed and listings show steady luxury activity.
Top takeaways
- Median sale price rose to $1,125,000 in February, up 31.2% year over year.
- Nineteen homes closed, down from 28 a year ago.
- Average days on market increased to 54 days.
- Active listings show continued strength above $2M.
Wilmette’s housing market showed a clear split in February 2026: prices moved sharply higher while overall sales activity slowed. The median sale price climbed to $1,125,000, marking a 31.2% increase compared with the same month last year. At the same time, 19 homes closed during the month, down from 28 closings a year earlier, indicating a more measured pace of transactions.
Homes also spent more time on the market. The average marketing period stretched to 54 days, longer than last year, suggesting buyers are taking more time with decisions even as prices trend upward.
Pricing and inventory snapshot
Listing data points to continued resilience at the upper end of the market. Realtor.com shows a median list price of about $1,167,500, closely aligned with recent sale trends and reinforcing the area’s premium positioning.
Current inventory on Zillow includes a mix of property types and price points:
- Updated condos near the lakefront around the $800K range.
- Six-bedroom renovated single-family homes priced roughly between $2.2M and $3.3M.
- Buildable lots and vacant land opportunities reaching near $6M in prime locations.
Multiple properties are listed above $2M, underscoring ongoing activity in the luxury tier even as total sales volume has softened.
Community planning and outlook
Beyond monthly sales data, housing remains part of a broader community discussion. Village officials are preparing a community housing survey expected to launch in spring 2026 as part of ongoing planning efforts to assess local needs and supply.
Nationally, mortgage demand has been picking up ahead of the spring market, and local agents report that well-prepared homes continue to attract attention. Established neighborhoods close to schools and transit remain especially competitive, particularly for updated properties that are priced in line with recent comparable sales.
As the spring season unfolds, buyers and sellers alike will be watching whether higher prices persist and whether transaction volume rebounds in the months ahead.