Is Northfield Township, 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 Township has remained a Seller's Market.
Housing Prices in Northfield Township, IL
How much do homes in Northfield Township, IL cost?
Median Sold Price
$613,400
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northfield Township was $613,400 in April 2024, up 11.4% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147K | $165K | +12.2% |
2 Bedrooms | $290K | $315K | +8.6% |
3 Bedrooms | $510K | $579.9K | +13.7% |
4 Bedrooms | $760K | $815K | +7.2% |
5+ Bedrooms | $1.0M | $1.2M | +13.3% |
Summary: Northfield Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.2%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Cities
Northfield Township | $550.7K | $613.4K | +11.4% |
Northbrook | $540K | $580.4K | +7.5% |
Glenview | $578.1K | $582.8K | +0.8% |
Northfield | $776K | $662K | -14.7% |
Housing Supply in Northfield Township, IL
How many homes are available in Northfield Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
291 | 374 | +28.5% |
Summary: The Northfield Township real estate market had 374 homes for sale in April 2024, a 28.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 5 | -50.0% |
2 Bedrooms | 61 | 80 | +31.1% |
3 Bedrooms | 86 | 111 | +29.1% |
4 Bedrooms | 79 | 103 | +30.4% |
5+ Bedrooms | 55 | 75 | +36.4% |
Summary: The Northfield Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 31.1%, 3 bedroom homes increased by 29.1%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
82 | 98 | +19.5% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Summary: A total of 98 homes were sold or pending in Northfield Township in April 2024, up by 19.5% month-over-month. Of the 98 sold homes, 41% were sold under asking, 17% were sold at asking, and 42% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 19 Days | -35.9% |
Summary: Homes in Northfield Township had an average of 19 days on market in Apr 2024, down by 35.9% compared to last year.
Breakdown of Home Sale Times
79 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 98 homes were sold in Northfield Township; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.