Is Northbrook, IL 60062 a buyer’s or seller’s market?
Northbrook is a seller’s market. With about 1.9 months of supply and 52% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 87% of U.S. ZIP codes, and #63 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Northbrook housing market right now
In the three months ending August 31, 2026, 52% of homes in Northbrook, IL 60062 sold above their list price, the typical home went under contract in 43 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 211 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 44%, homes sold faster (48 days then) and the median sale price rose 6% to $741,679. Overall, Northbrook is more competitive than a year ago, so tougher for buyers.
Within Cook County, homes here sell faster than in 74% of the county’s ZIP codes, and sell more often over asking than in 76%. On our competition score, Northbrook ranks #63 of 464 IL ZIP codes with enough sales (score 81 out of 100).
Nearby, buyers who want less competition could look at Thornton 60476 (14% sold over asking) or Chicago 60604 (17% sold over asking), while Golf 60029 (100% sold over asking) and Berkeley 60163 (75% sold over asking) are even more competitive.
Run the numbers for 60062
Nearby markets
Alsip 60803Seller’s market $202 /sq ftArlington Heights 60004Seller’s market $280 /sq ftArlington Heights 60005Seller’s market $261 /sq ftBarrington 60010Seller’s market $255 /sq ft Browse all markets →Towns like Northbrook nearby
Find towns like Northbrook in other states →Where Northbrook is
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Questions about Northbrook real estate
Is Northbrook a buyer’s or seller’s market?
A seller’s market: there were 1.9 months of supply in Northbrook, IL 60062 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Northbrook?
The typical home went under contract in 43 days in the latest three months.
Do homes in Northbrook sell over asking?
52% of homes sold above their original list price, and the typical sale closed at 103.3% of the list price.
What are property taxes in Northbrook?
About 1.91% of a home’s value a year in Cook County, or roughly $7,640 on a $400,000 home.
What is the median home price in Northbrook?
The median sale price was $741,679 in the three months ending August 31, 2026, about $312 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology