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

$517,500

$289/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$115,500(-18.2%)

Key Takeaway

Homes in Deerfield Township have sold for 18.2% less than they did a month ago.

Summary: The median home sold price in Deerfield Township was $517,500 in October 2024, down 18.2% from last month, and the median price per square foot was $289.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$350K
N/A
2 $425K$332.5K
-21.8%
3 $417.5K$540K
+29.3%
4 $715K$590K
-17.5%
5+ $1.1M$1.3M
+15.7%

Summary: Deerfield 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 decreased by 21.8%, 3 bedroom homes increased by 29.3%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes increased by 15.7%.

Housing Supply in Deerfield Township, IL

How many homes are available in Deerfield Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6687+31.8%

Summary: The Deerfield Township real estate market had 87 homes for sale in October 2024, a 31.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 13
+200.0%
2 1214
+16.7%
3 1929
+52.6%
4 2429
+20.8%
5+ 1012
+20.0%

Summary: The Deerfield Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 52.6%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1820+11.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deerfield Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in Deerfield Township in October 2024, up by 11.1% month-over-month. Of the 20 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% 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

Sep 2024Oct 2024CHANGE
20 Days12 Days-35.5%

Summary: Homes in Deerfield Township had an average of 12 days on market in Oct 2024, down by 35.5% compared to last month.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 20 homes were sold in Deerfield Township; 95% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% 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 20 Days Ago

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