Is Northfield Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Northfield Township has remained a Seller's Market.
Housing Prices
How much do homes in Northfield Township, IL cost?
Median Sold Price
$570,688
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Summary: The median home sold price in Northfield Township was $570,688 in August 2023, up 5.3% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $139.9K | $158.5K | +13.3% |
2 Bedrooms | $266.3K | $305K | +14.5% |
3 Bedrooms | $498.5K | $505K | +1.3% |
4 Bedrooms | $739.5K | $775K | +4.8% |
5+ Bedrooms | $1.0M | $1.1M | +8.4% |
Summary: Northfield Township housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
Northfield Township | $541.9K | $570.6K | +5.3% |
Northfield | $769.9K | $775K | +0.7% |
Northbrook | $534.4K | $535.3K | 0.2% |
Glenview | $585K | $573.7K | -1.9% |
Housing Supply
How many homes are available in Northfield Township, IL?
Number of Homes For Sale
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
374 | 407 | +8.8% |
Summary: The Northfield Township real estate market had 407 homes for sale in August 2023, a 8.8% increase compared to July 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 8 | +60.0% |
2 Bedrooms | 82 | 93 | +13.4% |
3 Bedrooms | 109 | 122 | +11.9% |
4 Bedrooms | 113 | 119 | +5.3% |
5+ Bedrooms | 65 | 65 | 0.0% |
Summary: The Northfield Township housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
112 | 121 | +8.0% |
Asking Price vs. Sold Price
58 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Summary: A total of 121 homes were sold or pending in Northfield Township in August 2023, up by 8.0% month-over-month. Of the 121 sold homes, 48% were sold under asking, 14% were sold at asking, and 38% were sold over asking.
Days on Market
How long does it take to sell a home in Northfield Township, IL?
Average Sale Time
Aug 2022 | Aug 2023 | CHANGE |
---|---|---|
15 Days | 23 Days | +58.7% |
Summary: Homes in Northfield Township had an average of 23 days on market in Aug 2023, up by 58.7% compared to last year.
Breakdown of Home Sale Times
93 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During August 2023, 121 homes were sold in Northfield Township; 77% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.