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Short Sale Listings in Wilmette, IL

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Living in Wilmette, IL

Wilmette, IL is a charming suburb located on the North Shore of Lake Michigan, known for its excellent schools, beautiful parks, and a tight-knit community feel. Just a short commute from Chicago, it offers residents both suburban tranquility and urban convenience. Whether enjoying the local dining scene or participating in community events, there is something for everyone in Wilmette.

Current Market Conditions in Wilmette, IL

The real estate market in Wilmette has remained competitive, with a steady demand for homes due to its desirable location and quality of life. Recent trends indicate a rise in home prices as more buyers seek the tranquility and amenities that Wilmette offers, contributing to a seller's market where homes often receive multiple offers.

Investors in Wilmette can expect a mix of single-family homes and multi-unit properties, with opportunities to capitalize on the area's appreciation potential. The demand from families prioritizing education and community amenities continues to support strong investment value.

Home Value Estimator For Wilmette, IL

There are currently 10,609 real estate properties in Wilmette, IL, with a median automated valuation model (AVM) price of $930,716.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wilmette, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Wilmette, IL, is $1,081,428.00, with the most expensive house in Wilmette, IL, topping out at $60,146,364.00 and the cheapest home in Wilmette, IL, clocking in at $11,194.00. In other words, there’s something for every potential homebuyer or savvy investor in Wilmette, IL!

Rent Prices In Wilmette, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wilmette, IL, is on a rollercoaster ride. The average rent price in Wilmette, IL, is $3,519.00. Indeed, when looking to rent in Wilmette, IL, you can expect to pay as little as $890.00 or as much as $5,500.00, with the average rent median estimated to be $3,590.00. The good news is that finding an affordable and desirable property to rent in Wilmette, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Wilmette, IL Short Sale Listings

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