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Featured local agent — Northbrook, IL
Sarah Mitchell
Compass Real Estate · Northbrook, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Northbrook, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$808,000median sale price
How is the Northbrook, IL housing market right now?
The median home sale price in Northbrook, IL is $808,000, up 12.3% year-over-year. Homes sell in an average of 42 days with 121 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Northbrook a buyer's or seller's market?
Northbrook, IL is currently a seller's market, based on 3.1 months of supply and homes selling in about 42 days. How we determine this →
Homes sold
39
Last 12 weeks
Days on market
42
Average pace
Active listings
121
3.1 months supply
Sale-to-list
101.6%
Above asking
What does the Northbrook housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $808,000 |
| Median list price | $775,000 |
| Year-over-year price change | +12.3% |
| Average days on market | 42 days |
| Active inventory | 121 listings |
| Months of supply | 3.1 months |
| Sale-to-list price ratio | 101.6% |
| Median price per sq ft | $297/sq ft |
| Homes sold (latest month) | 39 |
| New listings (latest month) | 78 |
| Listings with a price cut | 14.9% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Northbrook by property type?
How the Northbrook, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $950,000 | $326/sq ft | 25 | 38 days |
| Condo / Co-op | $285,000 | $203/sq ft | 6 | 43 days |
| Townhouse | $629,775 | $291/sq ft | 8 | 54 days |
Source: Redfin · Updated monthly
The Northbrook housing market is currently classified as a seller's market with a median sale price of $808,000. Prices have risen 12.3% compared to last year, with homes spending an average of 42 days on market, indicating 3.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.6x provides context for how home values compare to local earning capacity.
Homes for sale in Northbrook
There are currently 121 homes listed for sale in Northbrook, Illinois. The median listing price is $775K.
Active listings
121
Homes on market
Median list price
$775K
Avg. days on market
42
Days until sale
New this week
78
Newly listed
Who lives in Northbrook?
Population
34,642
Median income
$155,321/yr
Median age
49.2 years
Owner-occupied
86.6%
College grads
73.1%
Avg commute
27.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Northbrook?
Zillow home value
$719,285
Zillow rent index
$3,067/mo
Price-to-rent ratio
19.5x
Price-to-income
4.6x
Source: Zillow Research
What is it like to live in Northbrook?
Northbrook is a community of approximately 35K residents with a median age of 49.2 years.The median household income is $155,321, which reflects a relatively affluent area with strong earning potential. 73.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 86.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Northbrook offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Northbrook?
13 schools tracked · 6,504 students
The largest public schools serving Northbrook, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Glenbrook North High School
Grades 9-12 · 2,077 students
Northbrook Junior High School
Grades 6-8 · 649 students
Wescott Elementary School
Grades K-5 · 485 students
Meadowbrook Elem School
Grades K-5 · 482 students
Hickory Point Elem School
Grades PK-2 · 459 students
Wood Oaks Jr High School
Grades 6-8 · 451 students
Shabonee School
Grades 3-5 · 437 students
Maple School
Grades 6-8 · 429 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Northbrook, IL?
Want a head-to-head view? Compare Northbrook side-by-side with any other U.S. city using our market-comparison tool.
Is Northbrook a good real estate investment market?
For investors evaluating Northbrook, the price-to-rent ratio of 19.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 12.3% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Northbrook's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Northbrook's median home price.
Frequently asked questions
What is the average home price in Northbrook?
The median home sale price in Northbrook is $808,000, up 12.3% from last year.
How long do homes stay on market in Northbrook?
Homes typically spend 42 days on market before going under contract.
What is the median income in Northbrook?
The median household income is $155,321 per year.
Is Northbrook a buyer's or seller's market?
With 3.1 months of supply, Northbrook is currently a seller's market.
What is the Zillow home value estimate for Northbrook?
The Zillow Home Value Index (ZHVI) for Northbrook is $719,285, representing the typical home value in the area.
What is the median condo price in Northbrook?
The median condo/co-op sale price in Northbrook, IL is $285,000, compared to $950,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Northbrook?
The median single-family home price in Northbrook, IL is $950,000 (about $326 per square foot).
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