Is Deer Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Deer Park was $540,000 in April 2024, down 1.8% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $247.3K | $246.4K | -0.4% |
3 Bedrooms | $505K | $535K | +5.9% |
4 Bedrooms | $664.5K | $660K | -0.7% |
5+ Bedrooms | $489K | $874.9K | +78.9% |
Summary: Deer Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 78.9%.
Median Sold Price Compared To Nearby Cities
Kildeer | $735.6K | $850K | +15.5% |
Palatine | $284.9K | $322K | +13.0% |
Lake Zurich | $380K | $420.5K | +10.7% |
Ela Township | $533.4K | $554.7K | +4.0% |
Deer Park | $550K | $540K | -1.8% |
Housing Supply in Deer Park, IL
How many homes are available in Deer Park, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 7 | +133.3% |
Summary: The Deer Park real estate market had 7 homes for sale in April 2024, a 133.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 1 | 3 | +200.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Deer Park housing inventory by bedroom type for April 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 200%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Deer Park in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
3 Days | 19 Days | +442.9% |
Summary: Homes in Deer Park had an average of 19 days on market in Apr 2024, up by 442.9% 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 April 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.