Baird & Warner's Market Report

Northbrook, IL 60062

Single-Family Homes

www.BairdWarner.com


Northbrook, IL 60062

Sat Aug 02 2025
This week the median list price for Northbrook, IL 60062 is $1,394,500 with the market action index hovering around 46. This is less than last month's market action index of 49. Inventory has increased to 58. 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.

Strong Seller's Market

Market Narrative

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Northbrook, IL 60062

Sat Aug 02 2025
This week the median list price for Northbrook, IL 60062 is $1,394,500 with the market action index hovering around 46. This is less than last month's market action index of 49. Inventory has increased to 58. 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.

Strong Seller's Market

Market Narrative

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Northbrook market.
Median List Price $1,394,500
Median Price of New Listings $1,399,000
Per Square Foot $358
Average Days on Market 86
Median Days on Market 49
Price Decreased 19%
Price Increased 0%
Relisted 14%
Inventory 58
Median Rent
Market Action 46
Strong Seller's Market

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.

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
$2,595,000 7,500 0.5 - 1 acre 6 6 0 0 0 63
$1,699,450 3,760 0.25 - 0.5 acre 5 4.5 19 5 3 17
$958,000 2,750 - 5 3 55 1 7 21
$599,000 2,057 8,000 - 10,000 sqft 4 2 70 3 4 35