Is Northbrook, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Northbrook has remained a Seller's Market.
Housing Prices in Northbrook, IL
How much do homes in Northbrook, IL cost?
Median Sold Price
$589,333
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Northbrook was $589,333 in June 2024, up 8.6% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $144K | $172.7K | +20.0% |
2 Bedrooms | $315K | $340K | +7.9% |
3 Bedrooms | $475K | $585K | +23.2% |
4 Bedrooms | $759K | $755K | -0.5% |
5+ Bedrooms | $958K | $970K | +1.3% |
Summary: Northbrook housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 23.2%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
Northfield Township | $560K | $618.6K | +10.5% |
Northbrook | $542.5K | $589.3K | +8.6% |
Deerfield | $525K | $550K | +4.8% |
Glenview | $572.8K | $583K | +1.8% |
Housing Supply in Northbrook, IL
How many homes are available in Northbrook, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
196 | 200 | +2.0% |
Summary: The Northbrook real estate market had 200 homes for sale in June 2024, a 2.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 48 | 47 | -2.1% |
3 Bedrooms | 61 | 64 | +4.9% |
4 Bedrooms | 54 | 55 | +1.9% |
5+ Bedrooms | 31 | 33 | +6.5% |
Summary: The Northbrook housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 6.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
65 | 58 | -10.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 58 homes were sold or pending in Northbrook in June 2024, down by 10.8% month-over-month. Of the 58 sold homes, 26% were sold under asking, 19% were sold at asking, and 55% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
24 Days | 17 Days | -27.5% |
Summary: Homes in Northbrook had an average of 17 days on market in Jun 2024, down by 27.5% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 58 homes were sold in Northbrook; 90% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.