Local Market Update – March 2017
LOCAL MARKET UPDATE
March 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of April 14, 2017
CBHomes.com
Northfield
Northfield
- 31.6% - 50.0% - 25.0%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
March
Detached
Detached Single-Family
Single-Family
New Listings
Under Contract (includes Contingent and Pending)
Closed Sales
Median Sales Price*
Average Sales Price*
Percent of Original List Price Received*
Average Market Time
Inventory of Homes for Sale at Month End
Trailing 12 Months
3-2016 3-2017 + / – 3-2016 3-2017 + / –
14 10 - 28.6% 135 118 - 12.6%
9 5 - 44.4% 77 63 - 18.2%
5 2 - 60.0% 76 62 - 18.4%
$630,000 $592,500 - 6.0% $752,500 $623,750 - 17.1%
$755,500 $592,500 - 21.6% $783,480 $769,911 - 1.7%
92.8% 96.3% + 3.8% 91.0% 91.5% + 0.5%
84 202 + 140.5% 121 106 - 12.4%
43 32 - 25.6% -- -- --
March
Attached Single-Family
Single-Family
Attached
New Listings
Under Contract (includes Contingent and Pending)
Closed Sales
Median Sales Price*
Average Sales Price*
Percent of Original List Price Received*
Average Market Time
Inventory of Homes for Sale at Month End
Trailing 12 Months
3-2016 3-2017 + / – 3-2016 3-2017 + / –
5 3 - 40.0% 50 51 + 2.0%
3 3 0.0% 38 44 + 15.8%
3 2 - 33.3% 39 42 + 7.7%
$282,500 $152,250 - 46.1% $280,000 $232,000 - 17.1%
$340,833 $152,250 - 55.3% $344,318 $317,652 - 7.7%
93.7% 82.1% - 12.4% 92.1% 92.8% + 0.8%
70 229 + 227.1% 81 104 + 28.4%
13 10 - 23.1% -- -- --
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
Change in Median Sales Pric