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Thursday, November 28, 2024

Northfield home prices fall in the second quarter of 2019

Realestate077

The median sale price of a home sold in the second quarter of 2019 in Northfield fell by $36,250 while total sales increased by 25%, according to BlockShopper.com.

From April through June of 2019, there were 40 homes sold, with a median sale price of $447,500 - a 7.5% decrease over the $483,750 median sale price for the same period of the previous year. There were 32 homes sold in Northfield in the second quarter of 2018.

The median sales tax in Northfield for the most recent year with available data, 2018, was $10,619, approximately 2.4% of the median home sale price for the second quarter of 2019.

The following table compares Northfield to other Cook County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Inverness3642-14.3%$520,000$512,2501.5%
Glenbrook Countryside13-66.7%$482,500$935,000-48.4%
Northbrook1841698.9%$475,000$450,0005.6%
Equestrian Estates25-60%$472,500$477,500-1%
Burr Ridge20200%$457,500$460,000-0.5%
Northfield403225%$447,500$483,750-7.5%
Barrington2933-12.1%$441,000$398,00010.8%
River Forest5278-33.3%$436,000$510,000-14.5%
La Grange95117-18.8%$425,000$412,5003%
Park Ridge2001924.2%$420,000$402,5004.3%
Riverside4347-8.5%$415,000$420,000-1.2%

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