Is Northfield, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Northfield has remained a Seller's Market.
Housing Prices in Northfield, IL
How much do homes in Northfield, IL cost?
Median Sold Price
$662,000
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northfield was $662,000 in April 2024, down 14.7% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $174.5K | $256K | +46.7% |
2 Bedrooms | $310K | $359.5K | +16.0% |
3 Bedrooms | $737.5K | $650K | -11.9% |
4 Bedrooms | $812.5K | $910K | +12.0% |
5+ Bedrooms | $1.8M | $1.6M | -6.4% |
Summary: Northfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.7%, 2 bedroom homes increased by 16%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 6.4%.
Median Sold Price Compared To Nearby Cities
Northfield Township | $550.7K | $613.4K | +11.4% |
Winnetka | $1.3M | $1.5M | +11.0% |
Glencoe | $1.3M | $1.3M | +3.6% |
New Trier Township | $998.5K | $1.0M | 0.5% |
Northfield | $776K | $662K | -14.7% |
Housing Supply in Northfield, IL
How many homes are available in Northfield, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 40 | +8.1% |
Summary: The Northfield real estate market had 40 homes for sale in April 2024, a 8.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 13 | 11 | -15.4% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The Northfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Northfield in April 2024, up by 20.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for Northfield, IL
How long does it take to sell a home in Northfield, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 33 Days | +14.1% |
Summary: Homes in Northfield had an average of 33 days on market in Apr 2024, up by 14.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Northfield; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.