Is Northfield Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northfield Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Northfield Township, IL

How much do homes in Northfield Township, IL cost?

Median Sold Price

$599,850

$257/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$49,012(+8.9%)

Key Takeaway

Homes in Northfield Township have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Northfield Township was $599,850 in March 2024, up 8.9% from last year, and the median price per square foot was $257.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $147K$162K
+10.2%
2 $285K$316.6K
+11.1%
3 $510K$560K
+9.8%
4 $770K$782.5K
+1.6%
5+ $1.0M$1.2M
+12.7%

Summary: Northfield Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 12.7%.

Median Sold Price Compared To Nearby Cities

Northfield Township
+8.9%
Northbrook
+4.0%
Glenview
-0.6%
Northfield
-15.0%

Housing Supply in Northfield Township, IL

How many homes are available in Northfield Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
262289+10.3%

Summary: The Northfield Township real estate market had 289 homes for sale in March 2024, a 10.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 89
+12.5%
2 6061
+1.7%
3 7484
+13.5%
4 7484
+13.5%
5+ 4651
+10.9%

Summary: The Northfield Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 10.9%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
6981+17.4%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northfield Township, you could pay more than the asking price. 50.6% of homes here sold above asking price last month.

Summary: A total of 81 homes were sold or pending in Northfield Township in March 2024, up by 17.4% month-over-month. Of the 81 sold homes, 36% were sold under asking, 14% were sold at asking, and 51% were sold over asking.

Days on Market for Northfield Township, IL

How long does it take to sell a home in Northfield Township, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
27 Days25 Days-9.2%

Summary: Homes in Northfield Township had an average of 25 days on market in Mar 2024, down by 9.2% compared to last year.

Breakdown of Home Sale Times

67 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northfield Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 81 homes were sold in Northfield Township; 83% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

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

Report Updated 23 Days Ago

Newest Listings in Northfield Township, IL

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