Market Snapshot
- Median listing price
- $839K
- Median rent
- $2,900/mo
- Days on market
- 260 days
- Gross rental yield
- 4.15%
- STR vs LTR
- $1,908/mo STR · $2,900/mo LTR
The median listing price in Northbrook, IL ZIP 60062 is $839,000 as of June 2026.
The median market rent in Northbrook, IL ZIP 60062 is $2,900/month as of June 2026.
The median days on market in Northbrook, IL ZIP 60062 is 260 days as of June 2026. The market is currently hot.
At a median list price of $839,000 and a median rent of $2,900/month, the gross rental yield in Northbrook, IL ZIP 60062 is 4.15% as of June 2026.
In Northbrook, IL ZIP 60062, median Airbnb revenue is $1,908/month compared to median long-term rent of $2,900/month as of June 2026.
Northbrook, IL 60062 Real Estate Market Report
ZIP Code: 60062
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Northbrook, IL, are averaging 6.53%, reflecting a high-rate environment compared to the lower levels seen earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The neighborhood’s primary transaction indicator, the median sold price of 651,950, signals recent market value and underpins pricing decisions; with the price year-over-year trend up, sellers remain supported by appreciation.
- There is a meaningful spread between the median listing price of 839,000 and the median sold price, which may indicate pricing friction and elevated seller expectations relative to completed transactions.
- Market liquidity appears slower: the median days on market is 260, which suggests extended marketing times and reduced sales velocity despite the marketTemperature being hot—this combination may reflect constrained active supply paired with selective buyer demand.
- Interest rate conditions are a headwind—interest rate pressure is elevated with current local 30-year fixed mortgage rates averaging 6.53%—however, rent dynamics (median market rent of 2,900 and rent year-over-year trend up) support continued interest from investors and renters in the market.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold below market average
Sold above market average
Sold at market average
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 1.5% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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