Northbrook, IL 60062 Real Estate Market Report
ZIP Code: 60062
Report Date: May 2026
Market Temperature: HOT
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
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.
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
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 60062 are averaging 6.35%, reflecting a stable market environment for property owners in this area compared to early 2026 benchmarks.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The neighborhood’s primary market signal is the median sold price of 690,000, which anchors recent transaction value and sits above the median listing price of 679,000, suggesting sellers are achieving slightly stronger realized pricing than current asking expectations; this supports a hot market environment.
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Liquidity appears muted: the median days on market of 290 points to slower sales velocity and may indicate pricing friction or selective buyer activity, so sellers should consider targeted pricing or concessions to reduce time to contract.
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Unit-level economics show a median price per square foot of 328 alongside a median market rent of 3,080; with rent year-over-year trend listed as up, investors seeking rental income may find improving cash flow fundamentals, though underwriting should use current asking and sold comps.
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Elevated interest rate pressure is a clear headwind—current 30-year fixed rates averaging 6.35% reflect elevated interest rate pressure that may constrain affordability and could encourage additional for-sale supply; buyers and investors should stress-test financing scenarios and sellers may need to be sensitive to buyer financing constraints.
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 above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Northbrook, IL 60062 Real Estate Market Report
ZIP Code: 60062
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo 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
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.
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
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 60062 are averaging 6.35%, reflecting a stable market environment for property owners in this area compared to early 2026 benchmarks.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary indicator of market value is the median sold price of $410,000, which, together with a hot market temperature and a price year-over-year trend that is up, suggests recent transactions support near-current asking levels while showing modest seller pricing power given the relatively constrained active supply in the analyzed sample.
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The median days on market of 325 points to slower sales velocity, which may indicate pricing friction or elongated negotiation timelines even as the market temperature remains hot.
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The median price per square foot of 248 and a median market rent of $1,975, combined with a rent year-over-year trend that is up, suggest strengthening rental demand that may support investor interest and stabilize price floors for SFR and condo segments.
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Elevated interest rate pressure (noted as elevated) and current 30-year fixed mortgage rates of 6.35% may be constraining buyer affordability and encouraging some owners to list, so expect continued inventory generation but persistent pricing resilience given the market’s elevated interest rate pressure.
Notable Properties
The following 1 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.
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% 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: 5/1/2026
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