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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Deerfield Township is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in West Deerfield Township, IL

How much do homes in West Deerfield Township, IL cost?

Median Sold Price

$753,416

$287/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$54,135(+7.7%)

Key Takeaway

Homes in West Deerfield Township have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in West Deerfield Township was $753,416 in December 2024, up 7.7% from last year, and the median price per square foot was $287.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $230.5K$300K
+30.2%
2 $339K$364.5K
+7.5%
3 $521K$565K
+8.4%
4 $794K$865K
+8.9%
5+ $1.1M$1.1M
+1.7%

Summary: West Deerfield Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.2%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Cities

Riverwoods
+27.0%
Deerfield
+13.9%
Highland Park
+9.2%
West Deerfield Township
+7.7%

Housing Supply in West Deerfield Township, IL

How many homes are available in West Deerfield Township, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
12199-18.2%

Summary: The West Deerfield Township real estate market had 99 homes for sale in December 2024, a 18.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 20
-100.0%
2 98
-11.1%
3 2619
-26.9%
4 5242
-19.2%
5+ 3230
-6.3%

Summary: The West Deerfield Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 26.9%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes decreased by 6.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3538+8.6%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Deerfield Township, you may be able to get a good deal. 65.8% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in West Deerfield Township in December 2024, up by 8.6% month-over-month. Of the 38 sold homes, 66% were sold under asking, 11% were sold at asking, and 24% were sold over asking.

Days on Market for West Deerfield Township, IL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
19 Days99 Days+399.9%

Summary: Homes in West Deerfield Township had an average of 99 days on market in Dec 2024, up by 399.9% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 38 homes were sold in West Deerfield Township; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% 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 4 Days Ago

Newest Listings in West Deerfield Township, IL

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