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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northbrook is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Northbrook has remained a Seller's Market.

Key Takeaway

Northbrook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Northbrook, IL cost?

Median Sold Price

$552,875

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$49,908(+9.9%)

Key Takeaway

Homes in Northbrook have sold for 9.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $139.8K$133K
-4.9%
2 $281.2K$295K
+4.9%
3 $425K$490K
+15.3%
4 $665K$737.5K
+10.9%
5+ $900K$888K
-1.3%

Median Sold Price Compared To Nearby Cities

Deerfield
+13.3%
Northbrook
+9.9%
Northfield Township
+3.1%
Glenview
+1.1%

How many homes are available in Northbrook, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
173160-7.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 21
-50.0%
2 3931
-20.5%
3 5349
-7.5%
4 5458
+7.4%
5+ 2521
-16.0%

Number of Homes Sold

Oct 2022Nov 2022%
4642-8.7%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

13 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. 59.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
46 Days18 Days-59.7%

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Northbrook, IL

Homes for sale in Northbrook, IL have reached 160. The number of homes for sale in Northbrook, IL decreased by 7.5% between October 2022 and November 2022. In November 2022, listings were on the market for 18 days. During the same period, the median list price in this real estate market was $552,875. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties decreased by 4.9%, prices of 2 bedrooms properties went up by 4.9%, prices of 3 bedrooms properties went up by 15.3%, prices of 4 bedrooms properties went up by 10.9%, 5 bedrooms properties prices decreased by 1.3%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went down by 50%, the quantity of 2 bedrooms homes went down by 20.5%, 3 bedrooms homes inventory decreased by 7.5%, 4 bedrooms homes inventory increased by 7.4%, number of 5 bedrooms homes decreased by 16%. While more than 13 listings in Northbrook, IL in November 2022 were sold above asking price, there were more than 4 listings sold at asking price, and more than 25 were sold below.

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