2020 - Chicago's North Shore Real Estate Market in Review
So what have we seen in the North Shore Real Estate market? How many homes with cash buyers? How many buyers using home close contingencies? Where have average prices gone and what is a typical market time? All of these details and more are laid out below.
Be sure to click on each tab below to view the data!
Assumptions:
*Average sales price reflects a rolling 6 month average to account for the market, after the effects of the initial lockdown cleared.
*Months Supply, reflects inventory as of December 2020. 6 months represents a balanced market. Less than 6 months favors sellers.
*Home Close Contingencies, reflect a snapshot of activity as of January 18, 2021.
*Cash Offers, reflect closings from 1/1/20-12/31/20.
Deerfield
(Click to View Data)
388
101 Attached homes
287 Detached homes
(
$165,000
$1,550,000
86 cash sales (22%)
2 home close contingencies of 23 contracts (8.7%)
(As of 1/18/21)
2.6 Months Supply
(Market Favors Sellers)
$573,859
(Up 15.5% over December 2019)
$242,756
(Down 11.4% over December 2019)
43 Days
(Down 28.5% from December 2019)
Evanston
(Click to View Data)
1,069
533 Attached homes
536 Detached homes
(
$90,000
$3,450,000
235 cash sales (22%)
2 home close contingencies of 40 contracts (5%)
(As of 1/18/21)
2.1 Months Supply
(Market Favors Sellers)
$605,000
(Up 13.1% over December 2019)
$260,000
(Up 8.8% over December 2019)
24 Days
(Down 47.8% from December 2019)
Glencoe
(Click to View Data)
210
10 Attached homes
200 Detached homes
(
$330,000
$4,100,000
64 cash sales (30%)
1 home close contingency of 13 contracts (7.7%)
(As of 1/18/21)
1.7 Months Supply
(Market Favors Sellers)
$1,188,214
(Up 13.1% over December 2019)
$390,188
(Up 51.2% over December 2019 - note small sample size)
57 Days
(Down 16.2% from December 2019)
Glenview
(Click to View Data)
963
312 Attached homes
651 Detached homes
(
$180,000
$2,560,000
64 cash sales (21%)
6 home close contingencies of 92 contracts (6.5%)
(As of 1/18/21)
2.1 Months Supply
(Market Favors Sellers)
$702,744
(Up 6.9% over December 2019)
$326,961
(Up 6.8% over December 2019)
35 Days
(Down 46.2% from December 2019)
Highland Park
(Click to View Data)
706
127 Attached homes
579 Detached homes
(
$85,000
$4,500,000
178 cash sales (25%)
2 home close contingencies of 56 contracts (3.6%)
(As of 1/18/21)
1.6 Months Supply
(Market Favors Sellers)
$659,294
(Up 19.2% over December 2019)
$378,930
(Up 11.1% over December 2019)
38 Days
(Down 52.5% from December 2019)
Kenilworth
(Click to View Data)
55
55 Detached Sales
0 Attached Sales
$535,000
$7,500,000
15 cash sales (27%)
0 home close contingencies out of 5 contracts (0%)
2.0 Months Supply
(Favors Sellers)
$1,833,201
n/a
197 Days
Northfield
(Click to View Data)
138
102 Detached Homes
36 Attached Homes
$253,000
$2,625,000
34 cash sales (25%)
1 home contingency out of 17 contracts (5.9%)
$7,500,000
$850,483
(Down 6.9% from December 2019)
$311,511
(Up 11.2% over December 2019)
46 Days
(Down 37.8% over December 2019)
Northbrook
(Click to View Data)
765
279 Attached homes
486 Detached homes
(
$239,000
$2,580,000
212 cash sales (27.7%)
4 home close contingencies of 78 contracts (5%)
(As of 1/18/21)
2.9 Months Supply
(Market Favors Sellers)
$668,975
(Up 6.8% over December 2019)
$322,815
(Up 2% over December 2019)
56 Days
(Down 5.1% from December 2019)
Skokie
(Click to View Data)
711
257 Attached homes
454 Detached homes
(
$142,275
$1,225,000
122 cash sales (17%)
1 home close contingency of 82 contracts (1.2%)
(As of 1/18/21)
1.5 Months Supply
(Market Favors Sellers)
$303,708
(Up 4.8% over December 2019)
$221,849
(No change from December 2019)
47 Days
(Up 14.6% from December 2019)
Wilmette
(Click to View Data)
542
107 Attached homes
435 Detached homes
(
$250,000
$8,000,000
114 cash sales (21%)
2 home close contingencies of 50 contracts (4%)
(As of 1/18/21)
1.6 Months Supply
(Market Favors Sellers)
$928,043
(Up 4.5% over December 2019)
$397,295
(Up 1.7% from December 2019)
39 Days
(Down 20.4% from December 2019)
Winnetka
(Click to View Data)
331
22 Attached homes
309 Detached homes
(
$325,000
$9,500,000
80 cash sales (24%)
2 home close contingencies of 18 contracts (11%)
(As of 1/18/21)
1.9 Months Supply
(Market Favors Sellers)
$1,453,505
(Up 6.8% over December 2019)
$425,142
(Down 12.3% from December 2019)
54 Days
(Down 12.9% from December 2019)
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