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Tuesday, November 26, 2024

Northfield home prices rise in the third quarter of 2018

Realestate2

The median sale price of a home sold in the third quarter of 2018 in Northfield rose by $37,500 while total sales decreased by 17.5%, according to BlockShopper.com.

From July through September of 2018, there were 33 homes sold, with a median sale price of $572,500 - a 7% increase over the $535,000 median sale price for the same period of the previous year. There were 40 homes sold in Northfield in the third quarter of 2017.

The median sales tax in Northfield for the most recent year with available data, 2017, was $9,781.10, approximately 1.7% of the median home sale price for the third quarter of 2018.

The following table compares Northfield to other Cook County cities with similar median sales prices in the third quarter of 2018:

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Kenilworth1219-36.8%$809,500$1,235,000-34.5%
Glencoe645320.8%$757,000$866,000-12.6%
Equestrian Woods10-$705,000$0-
Wilmette125150-16.7%$650,000$602,5007.9%
Western Springs6470-8.6%$590,000$607,500-2.9%
Northfield3340-17.5%$572,500$535,0007%
Northbrook West21100%$562,500$225,000150%
Burr Ridge1425-44%$545,000$485,00012.4%
Inverness1940-52.5%$545,000$488,50011.6%
River Forest62611.6%$532,500$493,0008%
Equestrian Estates10-$525,000$0-

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