Is Northlake, 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, Northlake has remained a Seller's Market.
Housing Prices in Northlake, IL
How much do homes in Northlake, IL cost?
Median Sold Price
$285,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northlake was $285,000 in April 2024, up 12.6% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $105.7K | +17.5% |
2 Bedrooms | $236.4K | $210K | -11.2% |
3 Bedrooms | $264.2K | $298K | +12.8% |
4 Bedrooms | $280K | $325K | +16.1% |
5+ Bedrooms | $342.5K | $400K | +16.8% |
Summary: Northlake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.5%, 2 bedroom homes decreased by 11.2%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 16.8%.
Median Sold Price Compared To Nearby Cities
Northlake | $253.1K | $285K | +12.6% |
Franklin Park | $275K | $300K | +9.1% |
Melrose Park | $291K | $300K | +3.1% |
Stone Park | $291.5K | $291.2K | -0.1% |
Berkeley | $281K | $270K | -3.9% |
Housing Supply in Northlake, IL
How many homes are available in Northlake, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 25 | +13.6% |
Summary: The Northlake real estate market had 25 homes for sale in April 2024, a 13.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Northlake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Northlake in April 2024, the same as the previous month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Northlake, IL
How long does it take to sell a home in Northlake, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 47 Days | +7.5% |
Summary: Homes in Northlake had an average of 47 days on market in Apr 2024, up by 7.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Northlake; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.