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Monday, November 25, 2024

Northfield home prices fall in May 2019

Re 14

The median sale price of a home sold in May 2019 in Northfield fell by $482,500 while total sales increased by 36.4%, according to BlockShopper.com.

In May 2019, there were 15 homes sold, with a median sale price of $312,500 - a 60.7% decrease over the $795,000 median sale price for the same period of the previous year. There were 11 homes sold in Northfield in May 2018.

The median sales tax in Northfield for the most recent year with available data, 2018, was $10,619, approximately 3.4% of the median home sale price for May 2019.

The following table compares Northfield 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)
La Grange Highlands52150%$340,000$491,000-30.8%
Deercrest Estates6520%$339,250$250,50035.4%
Evanston1028421.4%$326,500$347,000-5.9%
Lemont2627-3.7%$317,000$268,00018.3%
Mount Prospect948017.5%$313,500$292,0007.4%
Northfield151136.4%$312,500$795,000-60.7%
Niles554717%$310,000$285,0008.8%
Skokie8793-6.5%$310,000$314,000-1.3%
Arlington Heights1421373.6%$290,000$330,000-12.1%
Prospect Heights272128.6%$285,000$222,00028.4%
Morton Grove504025%$281,000$290,000-3.1%

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