Market Edge Report

Northbrook, IL

Condos/Townhomes

BHHSChicago.com


Northbrook, IL

Thu Nov 21 2024
This week the median list price for Northbrook, IL is $333,950 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has decreased to 32. Click here to stay informed with the Northbrook market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Northbrook, IL

Thu Nov 21 2024
This week the median list price for Northbrook, IL is $333,950 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has decreased to 32. Click here to stay informed with the Northbrook market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Northbrook market.
Median List Price $333,950
Median Price of New Listings $449,450
Per Square Foot $227
Average Days on Market 73
Median Days on Market 77
Price Decreased 41%
Price Increased 3%
Relisted 38%
Inventory 32
Median Rent
Market Action 43
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$544,900 2,386 - 3 2.5 27 2 3 94
$374,500 1,672 - 2 2 44 2 1 35
$303,901 1,349 - 2 2 48 0 0 91
$214,127 1,106 - 2 2 27 0 0 59