Is Northbrook, 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, Northbrook has remained a Seller's Market.
Housing Prices in Northbrook, IL
How much do homes in Northbrook, IL cost?
Median Sold Price
$580,450
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northbrook was $580,450 in April 2024, up 7.5% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $141.9K | $161.4K | +13.8% |
2 Bedrooms | $307.5K | $340K | +10.6% |
3 Bedrooms | $476K | $529.8K | +11.3% |
4 Bedrooms | $732.5K | $750K | +2.4% |
5+ Bedrooms | $930.9K | $975K | +4.7% |
Summary: Northbrook housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
Northfield Township | $550.7K | $613.4K | +11.4% |
Northbrook | $540K | $580.4K | +7.5% |
Deerfield | $533.3K | $545K | +2.2% |
Glenview | $578.1K | $582.8K | +0.8% |
Housing Supply in Northbrook, IL
How many homes are available in Northbrook, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
136 | 189 | +39.0% |
Summary: The Northbrook real estate market had 189 homes for sale in April 2024, a 39.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 41 | 56 | +36.6% |
3 Bedrooms | 31 | 51 | +64.5% |
4 Bedrooms | 37 | 49 | +32.4% |
5+ Bedrooms | 22 | 30 | +36.4% |
Summary: The Northbrook housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 36.6%, 3 bedroom homes increased by 64.5%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 38 | +18.8% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Northbrook in April 2024, up by 18.8% month-over-month. Of the 38 sold homes, 45% were sold under asking, 21% were sold at asking, and 34% were sold over asking.
Days on Market for Northbrook, IL
How long does it take to sell a home in Northbrook, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 16 Days | -59.6% |
Summary: Homes in Northbrook had an average of 16 days on market in Apr 2024, down by 59.6% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 38 homes were sold in Northbrook; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.