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Thursday, November 28, 2024

Northfield home prices rise in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Northfield rose by $46,500 while total sales increased by 28.3%, according to BlockShopper.com.

From January through June of 2019, there were 59 homes sold, with a median sale price of $493,500 - a 10.4% increase over the $447,000 median sale price for the same period of the previous year. There were 46 homes sold in Northfield in the first half of 2018.

The median sales tax in Northfield for the most recent year with available data, 2018, was $10,619, approximately 2.2% of the median home sale price for the first half of 2019.

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

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
South Barrington2728-3.6%$700,000$650,0007.7%
Western Springs113120-5.8%$629,000$545,00015.4%
Wilmette218261-16.5%$612,500$700,000-12.5%
Inverness5759-3.4%$520,000$510,0002%
River Forest82109-24.8%$505,000$470,0007.4%
Northfield594628.3%$493,500$447,00010.4%
Equestrian Estates25-60%$472,500$477,500-1%
Burr Ridge2934-14.7%$465,000$481,250-3.4%
La Grange132173-23.7%$455,250$395,00015.3%
Barrington5360-11.7%$440,000$372,75018%
Northbrook2872773.6%$435,000$435,0000%

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