Real Estate Market Update for Northbrook, IL

Video: Real Estate Community Tour for Northbrook, IL

See Real estate community tour for Northbrook, IL
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was up 3% from one year earlier, and did not change from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 630-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 29%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 420-thousand dollars. The number of units sold increased 8% year-over-year, and increased 18% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Northbrook, IL
Area Information for Northbrook, IL
  • Population: 33,150
  • Median Age: 49.54 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 5
  • Sales Tax: 9%
  • Population Density: 2,503/sq mi
  • Population Change Since 2000: -1.6%
  • Closest Airport: Chicago O'hare International
  • Closest College: Trinity International University
  • Closest Jr. College: Oakton Community College
  • Median Household Income: $109,871
  • Annual Residential Turnover: 7%
  • Median Home Sales Price: $490,000
  • Closest Major Sports Team: Chicago Sky
  • Change Avg. Household Income Since 2000: 10.94%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Northbrook, IL
Median Age: 49.54 Married: 55% Number of Households: 12,676 Households with Children: 3,953
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Northbrook, IL

      School Name Distance Type Grades School Rating Parent Rating
      Greenbriar Elementary School 0.2 mi Public K-5 4 0
      St Norbert School 0.4 mi Catholic PRESCHOOL-8 0 0
      Wescott Elementary School 0.5 mi Public 1-5 5 0
      Westmoor Elementary School 0.6 mi Public K-5 5 0
      Meadowbrook Elementary School 0.8 mi Public PRESCHOOL-5 5 0
      Childrens Lrning Path Montessori 0.8 mi Private PRESCHOOL-K 0 0
      Shabonee School 0.9 mi Public 3-5 5 0
      Northbrook Junior High School 0.9 mi Public 6-8 4 0
      Countryside Montessori School 1.0 mi Private PRESCHOOL-8 0 0
      Glenbrook North High School 1.2 mi Public 9-12 4 4
      Maple School 1.2 mi Public 6-8 5 0
      Field School 1.4 mi Public 6-8 4 0
      Sager Solomon Schechter Dayschool K 8 1.5 mi Private PRESCHOOL-8 0 0
      Keshet Day School 1.5 mi Private K-8 0 0
      Sager Solomon Schechter Day School 1.5 mi Private PRESCHOOL-5 0 0
      Centerview Therapeutic 1.7 mi Private UNGRADE-UNGRADE 0 0
      Cove School 1.9 mi Private 1-12 0 0
      Dayspring Montessori School 2.0 mi Private PRESCHOOL-K 0 0
      Hickory Point Elementary School 2.1 mi Public K-2 0 0
      Wood Oaks Jr High School 2.3 mi Public 6-8 5 0
      One Leap Ahead 3.3 mi Private PRESCHOOL-K 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for Northbrook, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.