Is Northfield, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Northfield was a Seller's Market.
Housing Prices in Northfield, IL
How much do homes in Northfield, IL cost?
Median Sold Price
$682,500
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Northfield was $682,500 in May 2024, down 14.7% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $256K | +42.2% |
2 Bedrooms | $375K | $355K | -5.3% |
3 Bedrooms | $737.5K | $650K | -11.9% |
4 Bedrooms | $825K | $995K | +20.6% |
5+ Bedrooms | $1.8M | $1.6M | -6.4% |
Summary: Northfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.2%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes decreased by 6.4%.
Median Sold Price Compared To Nearby Cities
Winnetka | $1.4M | $1.5M | +12.8% |
Northfield Township | $564.2K | $616.2K | +9.2% |
Glencoe | $1.2M | $1.3M | +6.6% |
New Trier Township | $998K | $1.0M | +4.8% |
Northfield | $800K | $682.5K | -14.7% |
Housing Supply in Northfield, IL
How many homes are available in Northfield, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 44 | +33.3% |
Summary: The Northfield real estate market had 44 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 5 | +150.0% |
3 Bedrooms | 12 | 9 | -25.0% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 12 | 21 | +75.0% |
Summary: The Northfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 6 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Northfield in May 2024, down by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 5 Days | -69.4% |
Summary: Homes in Northfield had an average of 5 days on market in May 2024, down by 69.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Northfield; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.