Is Deerfield, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Deerfield has remained a Seller's Market.
Housing Prices in Deerfield, IL
How much do homes in Deerfield, IL cost?
Median Sold Price
$545,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Deerfield was $545,000 in April 2024, up 2.2% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $217.5K | $236K | +8.5% |
2 Bedrooms | $276K | $325K | +17.8% |
3 Bedrooms | $450K | $447.4K | -0.6% |
4 Bedrooms | $641.2K | $735K | +14.6% |
5+ Bedrooms | $796.5K | $915K | +14.9% |
Summary: Deerfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 17.8%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
West Deerfield Township | $662.8K | $740.5K | +11.7% |
Northbrook | $540K | $580.4K | +7.5% |
Riverwoods | $735K | $777.5K | +5.8% |
Deerfield | $533.3K | $545K | +2.2% |
Housing Supply in Deerfield, IL
How many homes are available in Deerfield, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 91 | +30.0% |
Summary: The Deerfield real estate market had 91 homes for sale in April 2024, a 30.0% 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 | 12 | 18 | +50.0% |
3 Bedrooms | 15 | 21 | +40.0% |
4 Bedrooms | 30 | 35 | +16.7% |
5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The Deerfield 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 increased by 50%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 27 | +50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Deerfield in April 2024, up by 50.0% month-over-month. Of the 27 sold homes, 26% were sold under asking, 11% were sold at asking, and 63% were sold over asking.
Days on Market for Deerfield, IL
How long does it take to sell a home in Deerfield, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 8 Days | -55.6% |
Summary: Homes in Deerfield had an average of 8 days on market in Apr 2024, down by 55.6% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Deerfield; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.