Is Northfield Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Northfield Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147K | $162K | +10.2% |
2 Bedrooms | $285K | $316.6K | +11.1% |
3 Bedrooms | $510K | $560K | +9.8% |
4 Bedrooms | $770K | $782.5K | +1.6% |
5+ Bedrooms | $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 | $550.8K | $599.8K | +8.9% |
Northbrook | $545K | $567K | +4.0% |
Glenview | $580K | $576.7K | -0.6% |
Northfield | $775.5K | $659K | -15.0% |
Housing Supply in Northfield Township, IL
How many homes are available in Northfield Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
262 | 289 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 9 | +12.5% |
2 Bedrooms | 60 | 61 | +1.7% |
3 Bedrooms | 74 | 84 | +13.5% |
4 Bedrooms | 74 | 84 | +13.5% |
5+ Bedrooms | 46 | 51 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
69 | 81 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 25 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
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.