Wheaton Real Estate Market Update

What the Numbers Are Telling Buyers & Sellers in Wheaton, IL

If you’ve been watching the Wheaton real estate market and wondering “What do these stats actually mean for me?” — this breakdown is for you. Below, I’m walking through the most important market metrics using real data from Wheaton (Area 187) and explaining why each one matters when buying or selling a home.

Average Sales Price: Home Values Continue to Rise

December Average Sales Price in Wheaton:

• 2023: $534,123

• 2024: $583,464 (+9.2%)

• 2025: $638,020 (+9.4%)

Why this matters:
Home values in Wheaton have risen steadily for three straight years, even with higher interest rates in the mix. This tells us demand remains strong and that well-priced homes are continuing to attract serious buyers. For sellers, this supports confident pricing. For buyers, it reinforces the importance of acting strategically rather than waiting for major price drops that simply aren’t showing up in the data.

Average Market Time: Homes Are Selling Faster

Average Days on Market:

• 2023: 29 days

• 2024: 28 days (-3.4%)

• 2025: 23 days (-17.9%)

Why this matters:
Homes in Wheaton are selling nearly a week faster than just two years ago. This points to continued competition, especially for homes that are priced correctly and presented well. Buyers need to be prepared, and sellers benefit from strong early activity when a home first hits the market.

Percent of List Price Closed: Strong Negotiation Position for Sellers

Average % of Original List Price:

• 2023: 100.2%

• 2024: 100.9%

• 2025: 101.1%

Why this matters:
On average, homes in Wheaton are selling at or above list price. This doesn’t mean every home sparks a bidding war — but it does mean buyers shouldn’t assume large discounts are the norm. Sellers who price realistically are often rewarded with strong offers.

Months Supply of Homes: Still a Seller-Leaning Market

Months Supply (December):

• 2023: 0.8 months

• 2024: 0.8 months

• 2025: 0.8 months

Why this matters:
A balanced market is typically around 5–6 months of supply. Wheaton is sitting at well under 1 month, which confirms this is still a seller-leaning market. Low inventory is one of the biggest reasons prices have remained resilient.

Homes for Sale: Inventory Remains Tight

Homes for Sale in December:

• 2023: 34

• 2024: 31 (-8.8%)

• 2025: 32 (+3.2%)

Why this matters:
While inventory ticked up slightly in 2025, the overall number of homes for sale remains historically low. This limited selection keeps pressure on prices and contributes to faster market times.

Average Price Per Square Foot: Value Continues to Climb

Average Price Per Square Foot:

• 2023: $231

• 2024: $253 (+9.5%)

• 2025: $270 (+6.7%)

Why this matters:
Price per square foot is one of the cleanest ways to track value growth. Wheaton has seen a nearly $40/SQFT increase in just two years, which reinforces long-term appreciation and helps buyers and sellers evaluate fair pricing across different home styles and sizes.

What This Means If You’re Buying or Selling in Wheaton

• Buyers: Preparation matters more than timing. Understanding affordability, market speed, and pricing trends gives you leverage.

• Sellers: Proper pricing and presentation are critical — the market rewards homes that are positioned correctly from day one.

• Both: Local data matters more than headlines. Block-by-block analysis beats national trends every time.

If you want help applying these numbers to your specific home or your buying power, I’m always happy to walk through it with you — no pressure, just clarity.

Joe Soto @ RE/MAX Wheaton

DuPage Realtor - The Lance Kammes Team