AgentMarkets & Economy

Chicago suburbs are calling: City dwellers are moving to the North Shore

Former city dwellers are looking for a place with the amenities of Chicago but the ease of the suburbs
  • Glencoe and Winnetka are considered by one source to be the top Chicago suburbs and the best for schools.
  • Overall home values in the North Shore will appreciation year-over-year by around 3 percent in 2016.
  • Average time on the market in the North Shore is 200 days.

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Chicago's established North Shore suburbs of Glencoe and Winnetka are some of the top locales for younger families looking to buy outside of the city, primarily because of these suburbs' quality school districts and close proximity to Lake Michigan. Erika J Mitchell / "The schools are our industry," Sherry Molitor, an agent with BHHS KoenigRubloff Realty Group. recently dubbed the New Trier Township High School District, which encompasses both Winnetka and Glencoe, as the top Chicago metro school district for 2016. While this will attract a number of family buyers to these suburbs, being in the midst of the school year, along with seasonality, doesn't bode well for a number of sellers. Are Chicago suburbs a more affordable option for young buyers? According to Molitor, Winnetka was recently three months oversupplied; however, because a host of sellers have taken their homes off the market for the winter that oversupply is now gone. "It...