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 November 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

$750,000

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$54,254(+7.8%)

Key Takeaway

Homes in West Deerfield Township have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in West Deerfield Township was $750,000 in November 2024, up 7.8% from last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $230.5K$300K
+30.2%
2 $334K$370K
+10.8%
3 $520K$550K
+5.8%
4 $800K$836.5K
+4.6%
5+ $1.1M$1.1M
-3.3%

Summary: West Deerfield Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.2%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 3.3%.

Median Sold Price Compared To Nearby Cities

Riverwoods
+20.9%
Deerfield
+11.5%
West Deerfield Township
+7.8%
Highland Park
+7.7%

Housing Supply in West Deerfield Township, IL

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
133134+0.8%

Summary: The West Deerfield Township real estate market had 134 homes for sale in November 2024, a 0.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 1311
-15.4%
3 2630
+15.4%
4 5257
+9.6%
5+ 3934
-12.8%

Summary: The West 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 increased by 15.4%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 12.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2533+32.0%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

10 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. 57.6% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in West Deerfield Township in November 2024, up by 32.0% month-over-month. Of the 33 sold homes, 58% were sold under asking, 12% were sold at asking, and 30% 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

Nov 2023Nov 2024CHANGE
36 Days30 Days-16.3%

Summary: Homes in West Deerfield Township had an average of 30 days on market in Nov 2024, down by 16.3% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 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 November 2024, 33 homes were sold in West Deerfield Township; 64% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 6% 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 2 Days Ago

Newest Listings in West Deerfield Township, IL

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