Is Deer Creek Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Deer Creek Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Deer Creek Township has remained a Seller's Market.

Key Takeaway

Deer Creek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Deer Creek Township, IL

How much do homes in Deer Creek Township, IL cost?

Median Sold Price

$94,450

$85/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$285,550(-75.1%)

Key Takeaway

Homes in Deer Creek Township have sold for 75.1% less than they did a month ago.

Summary: The median home sold price in Deer Creek Township was $94,450 in October 2024, down 75.1% from last month, and the median price per square foot was $85.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$139.9K
N/A
3 $380K-
N/A
4 -$49K
N/A
5+ --
N/A

Summary: Deer Creek Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Deer Creek Township
-75.1%
Deer Creek
-75.1%

Housing Supply in Deer Creek Township, IL

How many homes are available in Deer Creek Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
440.0%

Summary: The Deer Creek Township real estate market had 4 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 10
-100.0%
4 12
+100.0%
5+ 11
0.0%

Summary: The Deer Creek Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deer Creek Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Deer Creek Township in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Deer Creek Township, IL

How long does it take to sell a home in Deer Creek Township, IL?

Average Sale Time

Sep 2024Oct 2024CHANGE
8 Days7 Days-12.5%

Summary: Homes in Deer Creek Township had an average of 7 days on market in Oct 2024, down by 12.5% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Deer Creek Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Deer Creek Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Deer Creek Township, IL

Nearby Markets to Deer Creek Township, IL

What housing markets are near Deer Creek Township, IL?