Northbrook, IL 60062 Real Estate Market Report

ZIP Code: 60062
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the Northbrook real estate market reflects a median sold price of $729,450, indicating a robust market despite some fluctuations in demand. The neighborhood has shown an upward trend in property values, contributing to a dynamic seller's market. The median listing price stands at $863,000, suggesting a notable gap between asking prices and actual sales, which may indicate seller expectations that are not fully aligned with current market realities.

Transaction activity appears moderate, with median days on market reported at 243 days, suggesting slower sales velocity and potential pricing friction in the market. Elevated inventory levels relative to sales activity may also contribute to this extended time frame, reflecting a market that is adjusting to current economic conditions. Overall, the market temperature is classified as hot, indicating strong demand amidst these dynamics.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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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.

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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.

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Key Findings

1. The median sold price of $729,450 highlights a strong market performance, despite elevated listing prices.

2. With a median listing price of $863,000, there is a significant gap that may indicate pricing friction between seller expectations and buyer willingness.

3. The median days on market of 243 days suggests slower sales velocity, which may impact liquidity in the market.

4. The market temperature is classified as hot, reflecting strong demand despite the elevated inventory levels.

5. The median market rent of $2,840 indicates a stable rental demand, contributing positively to the overall market dynamics.

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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.