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 May 2021

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.

How much do homes in Northfield Township, IL cost?

Median Sold Price

$546,929

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$31,919(+6.2%)

Key Takeaway

Homes in Northfield Township have sold for 6.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $120K$137.7K
+14.8%
2 $250K$270.5K
+8.2%
3 $450.3K$481.8K
+7.0%
4 $665K$728.3K
+9.5%
5+ $923.1K$1.0M
+12.7%

Median Sold Price Compared To Nearby Cities

Northfield
+21.3%
Northbrook
+9.4%
Glenview
+8.7%
Northfield Township
+6.2%

How many homes are available in Northfield Township, IL?

Number of Homes For Sale

Apr 2022May 2022%
630697+10.6%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 1313
0.0%
2 118138
+16.9%
3 208217
+4.3%
4 180202
+12.2%
5+ 111127
+14.4%

Number of Homes Sold

Apr 2022May 2022%
133142+6.8%

Asking Price vs. Sold Price

64 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

60 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northfield Township, you may be able to get a good deal. 45.1% of homes here sold below asking price last month.

Average Sale Time

May 2021May 2022%
43 Days20 Days-53.1%

Breakdown of Home Sale Times

117 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

7 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.

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

About Northfield Township, IL

Northfield Township, IL has 697 homes for sale to choose from. In May 2022 in Northfield Township, IL there were 10.6% more homes for sale than in April 2022. While the average time on the market in May 2022 was 20 days, the median list price was $546,929. This housing market listing prices have changed between April 2022 and May 2022: prices of 1 bedroom properties increased by 14.8%, prices of 2 bedrooms properties went up by 8.2%, the cost of 3 bedrooms properties went up by 7%, the cost of 4 bedrooms properties went up by 9.5%, the cost of 5 bedrooms properties went up by 12.7%. This housing market inventory have changed: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went up by 16.9%, 3 bedrooms homes inventory increased by 4.3%, number of 4 bedrooms homes increased by 12.2%, 5 bedrooms homes became 14.4% more available. Over 60 listings were sold over their listed price in May 2022 in Northfield Township, IL. In the same period over 64 listings were sold below the listed price and 18 listings were sold for the listed price.

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