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 September 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

$625,034

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$50,524(+8.8%)

Key Takeaway

Homes in Northfield Township have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in Northfield Township was $625,034 in September 2024, up 8.8% from last year, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $160.5K$168K
+4.7%
2 $305.5K$323.5K
+5.9%
3 $515K$585K
+13.6%
4 $760K$850K
+11.8%
5+ $1.1M$1.2M
+13.4%

Summary: Northfield Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 13.4%.

Median Sold Price Compared To Nearby Cities

Northbrook
+12.5%
Northfield Township
+8.8%
Glenview
+5.0%
Northfield
-4.1%

Housing Supply in Northfield Township, IL

How many homes are available in Northfield Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3473480.3%

Summary: The Northfield Township real estate market had 348 homes for sale in September 2024, a 0.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1212
0.0%
2 7482
+10.8%
3 109103
-5.5%
4 9590
-5.3%
5+ 5761
+7.0%

Summary: The Northfield Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.8%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
11680-31.0%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

31 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. 43.8% of homes here sold below asking price last month.

Summary: A total of 80 homes were sold or pending in Northfield Township in September 2024, down by 31.0% month-over-month. Of the 80 sold homes, 44% were sold under asking, 18% were sold at asking, and 39% 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

Sep 2023Sep 2024CHANGE
21 Days15 Days-26.9%

Summary: Homes in Northfield Township had an average of 15 days on market in Sep 2024, down by 26.9% compared to last year.

Breakdown of Home Sale Times

69 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 September 2024, 80 homes were sold in Northfield Township; 86% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 1% 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 10 Days Ago

Newest Listings in Northfield Township, IL

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