Is Northfield Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$616,230
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Northfield Township was $616,230 in May 2024, up 9.2% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147K | $168K | +14.3% |
2 Bedrooms | $295K | $319.9K | +8.5% |
3 Bedrooms | $503.3K | $580.9K | +15.4% |
4 Bedrooms | $763.5K | $817.5K | +7.1% |
5+ Bedrooms | $1.0M | $1.2M | +14.7% |
Summary: Northfield Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 14.7%.
Median Sold Price Compared To Nearby Cities
Northfield Township | $564.2K | $616.2K | +9.2% |
Northbrook | $545.5K | $586.2K | +7.5% |
Glenview | $578.8K | $580K | 0.2% |
Northfield | $800K | $682.5K | -14.7% |
Housing Supply in Northfield Township, IL
How many homes are available in Northfield Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
364 | 421 | +15.7% |
Summary: The Northfield Township real estate market had 421 homes for sale in May 2024, a 15.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 78 | 89 | +14.1% |
3 Bedrooms | 113 | 119 | +5.3% |
4 Bedrooms | 96 | 123 | +28.1% |
5+ Bedrooms | 72 | 84 | +16.7% |
Summary: The Northfield Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
106 | 114 | +7.5% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
59 Homes Were Sold
Over Asking
Summary: A total of 114 homes were sold or pending in Northfield Township in May 2024, up by 7.5% month-over-month. Of the 114 sold homes, 31% were sold under asking, 18% were sold at asking, and 52% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 14 Days | -33.4% |
Summary: Homes in Northfield Township had an average of 14 days on market in May 2024, down by 33.4% compared to last year.
Breakdown of Home Sale Times
99 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 114 homes were sold in Northfield Township; 87% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.