How's Chicago's Real Estate Market?

Northbrook, IL 60062

Single-Family Homes

312-961-6212


Northbrook, IL 60062

Sat Sep 07 2024
This week the median list price for Northbrook, IL 60062 is $999,000 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has decreased to 43. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Northbrook, IL 60062

Sat Sep 07 2024
This week the median list price for Northbrook, IL 60062 is $999,000 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has decreased to 43. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Northbrook market.
Median List Price $999,000
Median Price of New Listings $874,500
Per Square Foot $331
Average Days on Market 77
Median Days on Market 70
Price Decreased 37%
Price Increased 2%
Relisted 23%
Inventory 43
Median Rent
Market Action 43
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$2,324,500 7,500 0.5 - 1 acre 6 5.8 16 1 1 87
$1,350,000 4,000 0.25 - 0.5 acre 4 4.5 29 1 2 70
$849,000 2,890 0.25 - 0.5 acre 4 3 57 3 1 49
$599,900 1,804 8,000 - 10,000 sqft 3 2 67 1 3 35