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Featured local agent — Northlake, IL
Sarah Mitchell
Compass Real Estate · Northlake, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Northlake, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$357,500median sale price
How is the Northlake, IL housing market right now?
The median home sale price in Northlake, IL is $357,500, up 15.3% year-over-year. Homes sell in an average of 47 days with 20 active listings. The market is currently a balanced 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 Northlake a buyer's or seller's market?
Northlake, IL is currently a balanced market, based on 5.0 months of supply and homes selling in about 47 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
47
Average pace
Active listings
20
5.0 months supply
Sale-to-list
100.1%
Above asking
What does the Northlake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $357,500 |
| Median list price | $339,450 |
| Year-over-year price change | +15.3% |
| Average days on market | 47 days |
| Active inventory | 20 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 100.1% |
| Median price per sq ft | $248/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 14 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Northlake by property type?
How the Northlake, 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 | $357,500 | $248/sq ft | 4 | 47 days |
| Condo / Co-op | $115,000 | $177/sq ft | 1 | 198 days |
Source: Redfin · Updated monthly
The Northlake housing market is currently classified as a balanced market with a median sale price of $357,500. Prices have risen 15.3% compared to last year, with homes spending an average of 47 days on market, indicating 5.0 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 4.0x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Northlake
There are currently 20 homes listed for sale in Northlake, Illinois. The median listing price is $339K.
Active listings
20
Homes on market
Median list price
$339K
Avg. days on market
47
Days until sale
New this week
14
Newly listed
Who lives in Northlake?
Population
12,547
Median income
$77,564/yr
Median age
40.9 years
Owner-occupied
67.5%
College grads
15.4%
Avg commute
28.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Northlake?
Zillow home value
$307,376
Price-to-income
4.0x
Source: Zillow Research
What is it like to live in Northlake?
Northlake is a community of approximately 13K residents with a median age of 40.9 years.The median household income is $77,564, which reflects a relatively affluent area with strong earning potential. 15.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 67.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Northlake offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Northlake?
7 schools tracked · 3,966 students
The largest public schools serving Northlake, 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.
West Leyden High School
Grades 9-12 · 1,770 students
Roy Elem School
Grades K-5 · 521 students
Westdale Elem School
Grades K-5 · 469 students
Northlake Middle School
Grades 6-8 · 366 students
Whittier Primary School
Grades PK-2 · 365 students
J W Riley Intermediate School
Grades 3-5 · 323 students
Mannheim Early Childhood Ctr
Grades PK · 152 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 Northlake, IL?
Want a head-to-head view? Compare Northlake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Northlake?
The median home sale price in Northlake is $357,500, up 15.3% from last year.
How long do homes stay on market in Northlake?
Homes typically spend 47 days on market before going under contract.
What is the median income in Northlake?
The median household income is $77,564 per year.
Is Northlake a buyer's or seller's market?
With 5.0 months of supply, Northlake is currently a balanced market.
What is the Zillow home value estimate for Northlake?
The Zillow Home Value Index (ZHVI) for Northlake is $307,376, representing the typical home value in the area.
What is the median condo price in Northlake?
The median condo/co-op sale price in Northlake, IL is $115,000, compared to $357,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Northlake?
The median single-family home price in Northlake, IL is $357,500 (about $248 per square foot).
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