Is West Deerfield Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, West Deerfield Township has remained a Seller's Market.
Housing Prices in West Deerfield Township, IL
How much do homes in West Deerfield Township, IL cost?
Median Sold Price
$737,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Deerfield Township was $737,000 in May 2024, up 10% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $250K | +19.0% |
2 Bedrooms | $315K | $370K | +17.5% |
3 Bedrooms | $500K | $536.2K | +7.2% |
4 Bedrooms | $742.5K | $827.5K | +11.4% |
5+ Bedrooms | $1.1M | $1.1M | +5.5% |
Summary: West Deerfield Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
West Deerfield Township | $670.1K | $737K | +10.0% |
Riverwoods | $735K | $799.9K | +8.8% |
Deerfield | $525K | $548K | +4.4% |
Highland Park | $639.8K | $667K | +4.2% |
Bannockburn | $1.0M | $1.0M | +1.4% |
Housing Supply in West Deerfield Township, IL
How many homes are available in West Deerfield Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
136 | 167 | +22.8% |
Summary: The West Deerfield Township real estate market had 167 homes for sale in May 2024, a 22.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 22 | 35 | +59.1% |
4 Bedrooms | 62 | 68 | +9.7% |
5+ Bedrooms | 37 | 48 | +29.7% |
Summary: The West Deerfield Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 59.1%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 29.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 42 | +7.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in West Deerfield Township in May 2024, up by 7.7% month-over-month. Of the 42 sold homes, 31% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for West Deerfield Township, IL
How long does it take to sell a home in West Deerfield Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 30 Days | +28.5% |
Summary: Homes in West Deerfield Township had an average of 30 days on market in May 2024, up by 28.5% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 42 homes were sold in West Deerfield Township; 81% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.