Is Northbrook, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$556,875
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Northbrook was $556,875 in February 2024, up 1.6% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $141.9K | $154.2K | +8.6% |
2 Bedrooms | $300K | $335K | +11.7% |
3 Bedrooms | $479.5K | $515K | +7.4% |
4 Bedrooms | $732.5K | $750K | +2.4% |
5+ Bedrooms | $925K | $957.5K | +3.5% |
Summary: Northbrook housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
Northfield Township | $548.7K | $593.3K | +8.1% |
Northbrook | $548K | $556.8K | +1.6% |
Glenview | $580K | $575K | -0.9% |
Deerfield | $550.1K | $520.5K | -5.4% |
Housing Supply in Northbrook, IL
How many homes are available in Northbrook, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
86 | 115 | +33.7% |
Summary: The Northbrook real estate market had 115 homes for sale in February 2024, a 33.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 31 | 32 | +3.2% |
3 Bedrooms | 20 | 30 | +50.0% |
4 Bedrooms | 22 | 33 | +50.0% |
5+ Bedrooms | 11 | 18 | +63.6% |
Summary: The Northbrook housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 63.6%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 30 | +87.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Northbrook in February 2024, up by 87.5% month-over-month. Of the 30 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
49 Days | 23 Days | -51.3% |
Summary: Homes in Northbrook had an average of 23 days on market in Feb 2024, down by 51.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 30 homes were sold in Northbrook; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.