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

$656,000

$160/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$8,000(+1.2%)

Key Takeaway

Homes in Deer Park Township have sold for 1.2% more than they did a month ago.

Summary: The median home sold price in Deer Park Township was $656,000 in October 2024, up 1.2% from last month, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$262K
N/A
2 --
N/A
3 $504K-
N/A
4 $650K$664K
+2.2%
5+ --
N/A

Summary: Deer Park 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 increased by 2.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Deer Park Township
+1.2%
North Utica
+0.8%
Utica Township
-39.8%

Housing Supply in Deer Park Township, IL

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1615-6.3%

Summary: The Deer Park Township real estate market had 15 homes for sale in October 2024, a 6.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 12
+100.0%
3 21
-50.0%
4 119
-18.2%
5+ 12
+100.0%

Summary: The Deer Park 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 increased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was 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. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Deer Park Township in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% 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

Sep 2024Oct 2024CHANGE
39 Days25 Days-34.3%

Summary: Homes in Deer Park Township had an average of 25 days on market in Oct 2024, down by 34.3% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 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 Park Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in Deer Park Township; 50% of homes were sold within 30 days, 50% 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 Park Township, IL

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