Is Northbrook, IL a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Northbrook is a neutral's market


Difference Since January 2023

At the same time last year, Northbrook was a Seller's Market.

Key Takeaway

Northbrook is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Northbrook, IL

How much do homes in Northbrook, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since January 2023


Key Takeaway

Homes in Northbrook have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in Northbrook was $549,750 in January 2024, down 2.8% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $139.9K$154.2K
2 $299.9K$336K
3 $485K$499K
4 $735K$739.5K
5+ $926.9K$925K

Summary: Northbrook housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 0.2%.

Median Sold Price Compared To Nearby Cities

Northfield Township

Housing Supply in Northbrook, IL

How many homes are available in Northbrook, IL?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE

Summary: The Northbrook real estate market had 90 homes for sale in January 2024, a 6.3% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 33
2 3236
3 2019
4 3022
5+ 1110

Summary: The Northbrook housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northbrook, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Northbrook in January 2024, down by 62.2% month-over-month. Of the 14 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.

Days on Market for Northbrook, IL

How long does it take to sell a home in Northbrook, IL?

Average Sale Time

Jan 2023Jan 2024CHANGE
53 Days24 Days-53.9%

Summary: Homes in Northbrook had an average of 24 days on market in Jan 2024, down by 53.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northbrook are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 14 homes were sold in Northbrook; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in Northbrook, IL

Nearby Markets to Northbrook, IL

What housing markets are near Northbrook, IL?