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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Deer Park Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Deer Park Township, IL

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

Median Sold Price

$630,000

$170/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$26,000(-4.0%)

Key Takeaway

Homes in Deer Park Township have sold for 4% less than they did a month ago.

Summary: The median home sold price in Deer Park Township was $630,000 in November 2024, down 4% from last month, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $262K-
N/A
2 -$148K
N/A
3 --
N/A
4 $664K$752.5K
+13.3%
5+ --
N/A

Summary: Deer Park Township housing prices by bedroom type for November 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 increased by 13.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Deer Park Township
-4.0%
Utica Township
-43.5%
North Utica
-43.5%

Housing Supply in Deer Park Township, IL

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
15150.0%

Summary: The Deer Park Township real estate market had 15 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 22
0.0%
3 11
0.0%
4 910
+11.1%
5+ 22
0.0%

Summary: The Deer Park Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 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 Park Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Deer Park Township in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Deer Park Township, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
25 Days24 Days-6.8%

Summary: Homes in Deer Park Township had an average of 24 days on market in Nov 2024, down by 6.8% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Deer Park Township; 67% of homes were sold within 30 days, 33% 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 17 Days Ago

Newest Listings in Deer Park Township, IL

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What housing markets are near Deer Park Township, IL?