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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Deerfield Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Deerfield Township, IL

How much do homes in Deerfield Township, IL cost?

Median Sold Price

$599,000

$273/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$104,000(+21.0%)

Key Takeaway

Homes in Deerfield Township have sold for 21% more than they did a month ago.

Summary: The median home sold price in Deerfield Township was $599,000 in November 2024, up 21% from last month, and the median price per square foot was $273.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $350K$242.5K
-30.7%
2 $320K$353K
+10.3%
3 $540K$535K
-0.9%
4 $590K$675K
+14.4%
5+ $1.3M$1.3M
+1.7%

Summary: Deerfield Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 30.7%, 2 bedroom homes increased by 10.3%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 1.7%.

Housing Supply in Deerfield Township, IL

How many homes are available in Deerfield Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7879+1.3%

Summary: The Deerfield Township real estate market had 79 homes for sale in November 2024, a 1.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 1311
-15.4%
3 2525
0.0%
4 2934
+17.2%
5+ 87
-12.5%

Summary: The Deerfield Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2119-9.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deerfield Township, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Deerfield Township in November 2024, down by 9.5% month-over-month. Of the 19 sold homes, 47% were sold under asking, 16% were sold at asking, and 37% were sold over asking.

Days on Market for Deerfield Township, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
13 Days20 Days+58.5%

Summary: Homes in Deerfield Township had an average of 20 days on market in Nov 2024, up by 58.5% compared to last month.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 19 homes were sold in Deerfield Township; 74% of homes were sold within 30 days, 26% 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 21 Days Ago

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