Is Northlake, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northlake is a seller's market

Buyer's
Market

Difference Since July 2021

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

Key Takeaway

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

How much do homes in Northlake, IL cost?

Median Sold Price

$252,250

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$12,250(+5.1%)

Key Takeaway

Homes in Northlake have sold for 5.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $71.5K$80K
+12.0%
2 $215K$210K
-2.3%
3 $229.9K$272.2K
+18.4%
4 $266.9K$275K
+3.0%
5+ $309K$290K
-6.1%

Median Sold Price Compared To Nearby Cities

Melrose Park
+17.3%
Franklin Park
+6.0%
Northlake
+5.1%
Stone Park
+4.4%

How many homes are available in Northlake, IL?

Number of Homes For Sale

Jun 2022Jul 2022%
5349-7.5%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 66
0.0%
2 67
+16.7%
3 2419
-20.8%
4 1212
0.0%
5+ 55
0.0%

Number of Homes Sold

Jun 2022Jul 2022%
1213+8.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northlake, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
26 Days14 Days-44.3%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northlake 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.

New

133 S Lavergne Ave, Northlake, IL 60164

133 S Lavergne Ave, Northlake, IL 60164

$299,000
1,056 SqFt
3 Bedrooms
~$1,400/mo.*1 Full Bath, 1 Partial
Autumn McFarland#11485400
Listing Office:
@properties Christie's International Real EstateMLS logo

New

77 N Wolf Rd Unit 601, Northlake, IL 60164

77 N Wolf Rd Unit 601, Northlake, IL 60164

$239,000
1,180 SqFt
2 Bedrooms
~$1,100/mo.*2 Full Baths
Nancy Taylor#11486307
Listing Office:
Berkshire Hathaway HomeServices ChicagoMLS logo

New

77 N Wolf Rd Unit 310, Northlake, IL 60164

77 N Wolf Rd Unit 310, Northlake, IL 60164

$236,900
1,493 SqFt
2 Bedrooms
~$1,100/mo.*2 Full Baths
Rene Aguirre#11483393
Listing Office:
Northlake RealtorsMLS logo
32 Whitehall Ave, Northlake, IL 60164

32 Whitehall Ave, Northlake, IL 60164

$279,500
1,230 SqFt
3 Bedrooms
~$1,300/mo.*1 Full Bath
Felipe Hernandez#11477956
Listing Office:
Century 21 TK RealtyMLS logo
52 S Roberta Ave, Northlake, IL 60164

52 S Roberta Ave, Northlake, IL 60164

$179,900
1,642 SqFt
4 Bedrooms
~$850/mo.*2 Full Baths, 1 Partial
Ben Cocogliato#11476348
Listing Office:
RCI Real Estate GroupMLS logo

Backup Offers

529 N Wolf Rd, Northlake, IL 60164

529 N Wolf Rd, Northlake, IL 60164

$215,000
1,224 SqFt
3 Bedrooms
~$1,000/mo.*1 Full Bath
Elizabeth Goodchild#11453022
Listing Office:
Berkshire Hathaway HomeServices Starck Real EstateMLS logo
105 S Roy Ave, Northlake, IL 60164

105 S Roy Ave, Northlake, IL 60164

$229,900
1,000 SqFt
2 Bedrooms
~$1,050/mo.*1 Full Bath
Christina Bertsche#11474836
Listing Office:
RCI Real Estate GroupMLS logo

Backup Offers

18 King Arthur Ct Unit 15, Northlake, IL 60164

18 King Arthur Ct Unit 15, Northlake, IL 60164

$85,000
700 SqFt
1 Bedroom
~$400/mo.*1 Full Bath
Danica Matos#11455924
Listing Office:
CompassMLS logo

Backup Offers

15 King Arthur Ct Unit 18, Northlake, IL 60164

15 King Arthur Ct Unit 18, Northlake, IL 60164

$94,900
 
1 Bedroom
~$450/mo.*1 Full Bath
Mark Gajos#11454694
Listing Office:
arhome realtyMLS logo

Backup Offers

77 N Wolf Rd Unit 507, Northlake, IL 60164

77 N Wolf Rd Unit 507, Northlake, IL 60164

$250,000
1,336 SqFt
2 Bedrooms
~$1,150/mo.*2 Full Baths
David Aguirre#11453491
Listing Office:
Exclusive RealtorsMLS logo

Backup Offers

45 E Medill Ave, Northlake, IL 60164

45 E Medill Ave, Northlake, IL 60164

$269,900
1,618 SqFt
4 Bedrooms
~$1,250/mo.*2 Full Baths
Noe Fragoso#11452374
Listing Office:
Northlake RealtorsMLS logo
428 44th Ave, Northlake, IL 60164

428 44th Ave, Northlake, IL 60164

$249,999
1,125 SqFt
3 Bedrooms
~$1,150/mo.*1 Full Bath
Eugene Abbott#11451379
Listing Office:
Baird & WarnerMLS logo

About Northlake, IL

Northlake, IL has 49 homes on the market. Between June 2022 and July 2022, Northlake, IL real estate market has seen decrease in the number of listings by 7.5%. The median list price of listings available in July 2022 was $252,250, while the average time on the real estate market was 14 days. From June 2022 through July 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 12%, prices of 2 bedrooms properties decreased by 2.3%, the cost of 3 bedrooms properties went up by 18.4%, prices of 4 bedrooms properties increased by 3%, prices of 5 bedrooms properties decreased by 6.1%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went up by 16.7%, volume of 3 bedrooms homes went down by 20.8%, volume of 4 bedrooms homes stayed the same, the quantity of 5 bedrooms homes have not changed. In July 2022, from all listings sold in Northlake, IL there were more than 8 sold above asking price, over 5 sold below and more than 0 were sold right at the asked price.

MLS Disclaimers and Copyright

Based on information from Midwest Real Estate Data for the period 08/01/2020 - 08/01/2022

IDX Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/10/2022, 4:15:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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