Is Northfield, 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, Northfield has remained a Seller's Market.
Housing Prices in Northfield, IL
How much do homes in Northfield, IL cost?
Median Sold Price
$757,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Northfield was $757,000 in June 2024, down 5.4% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $256K | +42.2% |
2 Bedrooms | $359K | $357.5K | -0.4% |
3 Bedrooms | $725K | $642.5K | -11.4% |
4 Bedrooms | $855K | $910K | +6.4% |
5+ Bedrooms | $1.6M | $1.7M | +7.1% |
Summary: Northfield housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.2%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
Glencoe | $1.3M | $1.4M | +14.6% |
Winnetka | $1.4M | $1.5M | +13.5% |
Northfield Township | $560K | $618.6K | +10.5% |
New Trier Township | $998.9K | $1.0M | +4.0% |
Northfield | $800K | $757K | -5.4% |
Housing Supply in Northfield, IL
How many homes are available in Northfield, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
44 | 46 | +4.5% |
Summary: The Northfield real estate market had 46 homes for sale in June 2024, a 4.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 9 | 11 | +22.2% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 22 | 19 | -13.6% |
Summary: The Northfield housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 13.6%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Northfield in June 2024, up by 22.2% month-over-month. Of the 11 sold homes, 18% were sold under asking, 45% were sold at asking, and 36% were sold over asking.
Days on Market for Northfield, IL
How long does it take to sell a home in Northfield, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
40 Days | 11 Days | -71.2% |
Summary: Homes in Northfield had an average of 11 days on market in Jun 2024, down by 71.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 11 homes were sold in Northfield; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.