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Monday, November 25, 2024

Northbrook home prices fall in May 2019

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The median sale price of a home sold in May 2019 in Northbrook fell by $32,500 while total sales increased by 23.6%, according to BlockShopper.com.

In May 2019, there were 68 homes sold, with a median sale price of $417,500 - a 7.2% decrease over the $450,000 median sale price for the same period of the previous year. There were 55 homes sold in Northbrook in May 2018.

The median sales tax in Northbrook for the most recent year with available data, 2018, was $10,119, approximately 2.4% of the median home sale price for May 2019.

The following table compares Northbrook to other Cook County cities with similar median sales prices in May 2019:

CityMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
River Forest1327-51.9%$539,000$600,000-10.2%
Inverness1113-15.4%$505,000$523,000-3.4%
Burr Ridge9650%$465,000$583,500-20.3%
Riverside1318-27.8%$451,000$415,0008.7%
Glenview7495-22.1%$441,000$475,000-7.2%
Northbrook685523.6%$417,500$450,000-7.2%
La Grange2934-14.7%$412,500$403,7502.2%
Park Ridge706212.9%$412,500$382,5007.8%
Lincolnwood1014-28.6%$402,750$382,5005.3%
Barrington69-33.3%$379,500$332,00014.3%
Oak Park7594-20.2%$370,000$333,75010.9%

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