Northbrook Illinois Real Estate Market Report August 2025

Northbrook’s housing market remained highly competitive in August 2025, with prices climbing, homes selling quickly, and demand far outpacing supply. While the number of homes sold dipped slightly from July, activity is still stronger than last year, confirming that Northbrook continues to lean heavily toward a seller’s market.

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📊 Key Numbers for August 2025

1. Homes Sold: 39 (down from 42 in July, but up from 29 in August 2024)

2. Median Sales Price: $940,000 (up from $830,000 in July, and up from $865,000 last August)

3. Sales Volume: $42.8M (up from $39.3M in July, and up from $27.6M last August)

4. Median Days on Market: 7 (slightly longer than July’s 6, but steady compared to last year)

5. Sale-to-List Price Ratio: 101% (down from 105% in July, and slightly below last year’s 102%)

6. Year-to-Date Homes Sold: 227 (up from 188 by this time in 2024)

Current inventory snapshot:

1. Homes for Sale: 49

2. Homes Under Contract: 33

3. Median Active List Price: $1,024,000

4. Highest Active List Price: $5,999,000

5. Lowest Active List Price: $375,000

6. Median Days on Market (active): 44

What This Means for Buyers and Sellers

The numbers point to a clear seller’s market in Northbrook.

1. For Buyers: Inventory remains tight, and competition is strong. Buyers should be prepared for multiple-offer scenarios, especially in the $800K–$1.2M range where homes are moving fast. Flexibility and strong financing will give you an edge.

2. For Sellers: Conditions remain highly favorable. Many homes are still selling above list price, with 46% of August sales closing for more than the original asking price. Pricing your home strategically is key to maximizing results.

Bottom Line

Northbrook’s market is showing consistent strength heading into fall 2025. With rising sales prices, steady buyer demand, and limited supply, both buyers and sellers need to be strategic in their approach.

📩 Thinking about buying or selling in Northbrook? Let’s connect to discuss how today’s conditions impact your goals.

Data courtesy of Midwest Real Estate Data (MRED), deemed reliable but not guaranteed. For national trends, visit NAR’s Research Center.