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Northbrook, Illinois 60062
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The village of Northbrook is located approximately 25 miles northwest of downtown Chicago at the north border of Cook County. The population was 33,435 at the 2000 census, and estimated to be 34,190 as of 2005.
Transportation links include U.S. Route's 68, and 43. The I-94 expressway passes on the eastern edge of the village and the I-294 tollroad markes the western border. METRA commuter train service to Chicago is available in downtown Northbrook. The O'Hare International Airport is approximately 12 miles from the village.
According to data from the Northern Illinois MLS there were 269 sales of single family homes in 2007, down from 307 in 2006. The average sales price was $691,938.00, this was a decline from $746,529.00 in 2006. Marketing times were an average of 142 days on the market, up from the 2006 average of 97 days.
As of February 23, 2008 there are 2936 active listings of single family detached homes in the MLS. At the 2007 level of absorption this is 13.07 months of unsold available inventory. A 3-4 months supply of inventory is considered "in balance", this level is an oversupply.
To recap 2007 for detached homes, sales volume was down -12.37%, average sales prices were down -7.31%, and the days on the market were up +46.39%. This market is oversupplied and the 293 active listings have already been on the market an average of 236 days.
The condo/townhouse market had 176 sales, down from the 203 properties that sold in 2006. The average sales price in 2007 was $340,338.00, this was a decline from $374,437.00 in 2006. Marketing times were an average of 139 days on the market, up from the 2006 average of 87 days.
There are 180 active listings of attached homes in the MLS. Based on the 2007 level of absorption of 14.66 sales per month, this is 12.27 months of unsold inventory.
The condo/townhouse market is over supplied, sales volume was down -13.30%, sales prices declined -9.10%, the days on the market increased +59.77%. The 180 active MLS listings have already been on the market an average of 188 days.
If you have an active listing or need to sell in 2008 now is the time to get an appraisal. The market has changed and only the most competitively priced homes will be selling soon.
Make sure that your listing is competitive, get a current appraisal. Complete appraisals of single family homes and condominiums start at $275.00. this is a small price to pay for knowledge that will help you position your house to sell in the current market.
Citywide Services provides residential appraisal service in Northbrook, Illinois 60062. Our appraisers are state certified and have experience with single family homes, town houses, condominiums as well as small residential income properties. For all your Cook County appraisal needs contact Citywide.
To order an appraisal or to speak with an appraiser call 1-800-405-9718
Northbrook Village Website
Geographic Area: Northbrook, Cook County Illinois 60062
| Subject |
Number |
Percent |
|
Subject |
Number |
Percent |
|
| Total housing units |
15,389 |
100.0 |
|
OCCUPANTS PER ROOM |
|
|
| UNITS IN STRUCTURE |
|
|
|
Occupied housing units |
14,963 |
100.0 |
| 1-unit, detached |
10,803 |
70.2 |
|
1.00 or less |
14,752 |
98.6 |
| 1-unit, attached |
1,571 |
10.2 |
|
1.01 to 1.50 |
106 |
0.7 |
| 2 units |
58 |
0.4 |
|
1.51 or more |
105 |
0.7 |
| 3 or 4 units |
87 |
0.6 |
|
|
|
|
| 5 to 9 units |
760 |
4.9 |
|
Specified owner-occupied units |
11,180 |
100.0 |
| 10 to 19 units |
197 |
1.3 |
|
VALUE |
|
|
| 20 or more units |
1,913 |
12.4 |
|
Less than $50,000 |
88 |
0.8 |
| Mobile home |
0 |
0.0 |
|
$50,000 to $99,999 |
53 |
0.5 |
| Boat, RV, van, etc. |
0 |
0.0 |
|
$100,000 to $149,999 |
199 |
1.8 |
| |
|
|
|
$150,000 to $199,000 |
586 |
5.2 |
| YEAR STRUCTURE BUILT |
|
|
|
$200,000 to $299,999 |
2,924 |
26.2 |
| 1999 to March 2000 |
204 |
1.3 |
|
$300,000 to $499,999 |
5,193 |
46.4 |
| 1995 to 1998 |
528 |
3.4 |
|
$500,000 to $999,999 |
1,867 |
16.7 |
| 1990 to 1994 |
566 |
3.7 |
|
$1,000,000 or more |
270 |
2.4 |
| 1980 to 1989 |
2,090 |
13.6 |
|
Median (dollars) |
361,100 |
(X) |
| 1970 to 1979 |
4,388 |
28.5 |
|
|
|
|
| 1960 to 1969 |
3,644 |
23.7 |
|
MORTGAGE STATUS AND SELECTED |
|
|
| 1940 to 1959 |
3,570 |
23.2 |
|
MONTHLY OWNER COSTS |
|
|
| 1939 or earlier |
399 |
2.6 |
|
With a mortgage |
7,552 |
67.5 |
| |
|
|
|
Less than $300 |
0 |
0.0 |
| ROOMS |
|
|
|
$300 to $499 |
37 |
0.3 |
| 1 room |
71 |
0.5 |
|
$500 to $699 |
83 |
0.7 |
| 2 rooms |
315 |
2.0 |
|
$700 to $999 |
331 |
3.0 |
| 3 rooms |
557 |
3.6 |
|
$1,000 to $1,499 |
1,216 |
10.9 |
| 4 rooms |
931 |
6.0 |
|
$1,500 to $1,999 |
1,910 |
17.1 |
| 5 rooms |
2,433 |
15.8 |
|
$2,000 or more |
3,975 |
35.6 |
| 6 rooms |
2,696 |
17.5 |
|
Median (dollars) |
2,055 |
(X) |
| 7 rooms |
2,179 |
14.2 |
|
Not mortgaged |
3,628 |
32.5 |
| 8 rooms |
3,061 |
19.9 |
|
Median (dollars) |
670 |
(X) |
| 9 or more rooms |
3,146 |
20.4 |
|
|
|
|
| Median (rooms) |
6.8 |
(X) |
|
SELECTED MONTHLY OWNER COSTS |
|
|
| |
|
|
|
AS A PERCENTAGE OF HOUSEHOLD |
|
|
| Occupied Housing Units |
14,963 |
100.0 |
|
INCOME IN 1999 |
|
|
| YEAR HOUSEHOLDER MOVED INTO UNIT |
|
|
|
Less than 15 percent |
4,688 |
41.9 |
| 1999 to March 2000 |
1,726 |
11.5 |
|
15 to 19 percent |
1,637 |
14.6 |
| 1995 to 1998 |
3,361 |
22.5 |
|
20 to 24 percent |
1,130 |
10.1 |
| 1990 to 1994 |
2,609 |
17.4 |
|
25 to 29 percent |
978 |
8.7 |
| 1980 to 1989 |
3,513 |
23.5 |
|
30 to 34 percent |
748 |
6.7 |
| 1970 to 1979 |
2,075 |
13.9 |
|
35 percent or more |
1,968 |
17.6 |
| 1969 or earlier |
1,679 |
11.2 |
|
Not computed |
31 |
0.3 |
| |
|
|
|
|
|
|
| VEHICLES AVAILABLE |
|
|
|
Specified renter-occupied units |
1,765 |
100.0 |
| None |
362 |
2.4 |
|
GROSS RENT |
|
|
| 1 |
4,123 |
27.6 |
|
Less than $200 |
17 |
1.0 |
| 2 |
8,090 |
54.1 |
|
$200 to $299 |
0 |
0.0 |
| 3 or more |
2,388 |
16.0 |
|
$300 to $499 |
41 |
2.3 |
| |
|
|
|
$500 to $749 |
203 |
11.5 |
| HOUSE HEATING FUEL |
|
|
|
$750 to $999 |
650 |
36.8 |
| Utility Gas |
12,944 |
86.5 |
|
$1,000 to $1,499 |
424 |
24.0 |
| Bottled, Tank, or LP gas |
79 |
0.5 |
|
$1,500 or more |
342 |
19.4 |
| Electricity |
1,837 |
12.3 |
|
No cash rent |
88 |
5.0 |
| Fuel oil, kerosene, etc. |
29 |
0.2 |
|
Median (dollars) |
969 |
(X) |
| Coal or coke |
0 |
0.0 |
|
|
|
|
| Wood |
0 |
0.0 |
|
GROSS RENT AS A PERCENTAGE OF |
|
|
| Solar energy |
0 |
0.0 |
|
HOUSEHOLD INCOME IN 1999 |
|
|
| Other fuel |
40 |
0.3 |
|
Less than 15 percent |
289 |
16.4 |
| No fuel used |
34 |
0.2 |
|
15 to 19 percent |
274 |
15.5 |
| |
|
|
|
20 to 24 percent |
187 |
10.6 |
| SELECTED CHARACTERISTICS |
|
|
|
25 to 29 percent |
199 |
11.3 |
| Lacking complete plumbing facilities |
15 |
0.1 |
|
30 to 34 percent |
105 |
5.9 |
| Lacking complete kitchen facilities |
16 |
0.1 |
|
35 percent or more |
607 |
34.4 |
| No telephone service |
0 |
0.0 |
|
Not computed |
104 |
5.9 |
| |
| -Represent zero or rounds to zero. (X) Not applicable. |
| Source: U.S. Bureau of the Census, Census 2000. |
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