How's Chicago's Real Estate Market?
Northbrook, IL 60062
Single-Family Homes
312-961-6212
Northbrook, IL 60062
Fri Feb 26 2021
This week the median list price for Northbrook, IL 60062 is $875,000 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has held steady at or around 91.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $875,000 | |
| Per Square Foot | $255 | |
| Days on Market | 147 | |
| Price Decreased | 22% | |
| Price Increased | 4% | |
| Relisted | 21% | |
| Inventory | 91 | |
| Median Rent | $2,800 | |
| Most Expensive | $6,500,000 | |
| Least Expensive | $199,900 | |
| Market Action | 38 | |
| Slight Seller's Advantage | ||
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,949,450 | 6,751 | 0.5 - 1 acre | 5 | 6 | 11 | 1 | 2 | 213 |
| $1,099,000 | 4,230 | 0.25 - 0.5 acre | 5 | 4 | 14 | 2 | 2 | 217 |
| $675,000 | 2,740 | 0.25 - 0.5 acre | 4 | 2 | 52 | 2 | 2 | 91 |
| $429,000 | 1,635 | 0.25 - 0.5 acre | 3 | 2 | 65 | 5 | 5 | 119 |