Northfield IL has had two successive years of nearly identical statistics for the first six months of 2017 vs 2018.
NORTHFIELD REAL ESTATE REPORT FOR FIRST HALF-YEAR 2017, 2018, and 2007
But Northfield is a long ways off from its pre-recession high average price of $1,125,000. There were considerably fewer homes sold in 2007 (fewer homes were for sale) and it took much longer to sell them. As in all the other North Shore communities, prices were selling at astronomical numbers but seller's consistently overpricing caused long sell times. The list price to sell price ratio was a decent 94% in 2017 but only 87% in 2007 which indicates overpricing of homes with several price reductions to get a sale.
CURRENT NORTHFIELD REAL ESTATE MARKET
Current homes for sale: 59
Priced: $319,000 to $4,500,000
Under contract: 6
Absorption rate: 9 months (buyer's market)
Condos for sale: 7
Priced: $229,000 to $650,000
SEE ALL NORTHFIELD HOMES FOR SALE
To CONTACT Margaret Goss, please call 847-977-6024 or email: email@example.com
Margaret Goss is a full-time real estate agent since 1998 servicing the North Shore communities of Winnetka, Wilmette, Kenilworth, Glencoe, Northfield, Glenview, and Evanston. See full BIO for Margaret Goss.