Is Deer Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Deer Park was a Seller's Market.
Housing Prices in Deer Park, IL
How much do homes in Deer Park, IL cost?
Median Sold Price
$540,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Deer Park was $540,000 in May 2024, down 2.7% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $247.3K | $247.2K | 0% |
3 Bedrooms | $505K | $554K | +9.7% |
4 Bedrooms | $674.7K | $625K | -7.4% |
5+ Bedrooms | $489K | $874.9K | +78.9% |
Summary: Deer Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 78.9%.
Median Sold Price Compared To Nearby Cities
Kildeer | $755K | $847.5K | +12.3% |
Palatine | $290K | $322K | +11.0% |
Lake Zurich | $384.3K | $421.6K | +9.7% |
Ela Township | $535K | $564.5K | +5.5% |
Deer Park | $555K | $540K | -2.7% |
Housing Supply in Deer Park, IL
How many homes are available in Deer Park, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 13 | +160.0% |
Summary: The Deer Park real estate market had 13 homes for sale in May 2024, a 160.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 4 | +100.0% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 0 | 4 | +100.0% |
Summary: The Deer Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Deer Park in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Deer Park, IL
How long does it take to sell a home in Deer Park, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 6 Days | -36.8% |
Summary: Homes in Deer Park had an average of 6 days on market in May 2024, down by 36.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Deer Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.