Is Northfield, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Northfield was a Neutral Market.
Housing Prices in Northfield, IL
How much do homes in Northfield, IL cost?
Median Sold Price
$659,000
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Northfield was $659,000 in March 2024, down 15% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $174.5K | $256K | +46.7% |
2 Bedrooms | $314K | $359K | +14.3% |
3 Bedrooms | $627.5K | $650K | +3.6% |
4 Bedrooms | $812.5K | $942.5K | +16.0% |
5+ Bedrooms | $1.8M | $1.6M | -10.1% |
Summary: Northfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.7%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 10.1%.
Median Sold Price Compared To Nearby Cities
Winnetka | $1.3M | $1.5M | +12.4% |
Northfield Township | $550.8K | $599.8K | +8.9% |
New Trier Township | $990.7K | $1.0M | +4.6% |
Glencoe | $1.3M | $1.3M | -0.2% |
Northfield | $775.5K | $659K | -15.0% |
Housing Supply in Northfield, IL
How many homes are available in Northfield, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 36 | +20.0% |
Summary: The Northfield real estate market had 36 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 11 | 13 | +18.2% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Northfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Northfield in March 2024, up by 42.9% month-over-month. Of the 10 sold homes, 10% were sold under asking, 20% were sold at asking, and 70% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 8 Days | -79.6% |
Summary: Homes in Northfield had an average of 8 days on market in Mar 2024, down by 79.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Northfield; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.