Is West Deerfield Township, 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, West Deerfield Township has remained a Seller's Market.
Housing Prices in West Deerfield Township, IL
How much do homes in West Deerfield Township, IL cost?
Median Sold Price
$740,500
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Deerfield Township was $740,500 in April 2024, up 11.7% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $217.5K | $243K | +11.7% |
2 Bedrooms | $302.5K | $360K | +19.0% |
3 Bedrooms | $487.5K | $540K | +10.8% |
4 Bedrooms | $740K | $830K | +12.2% |
5+ Bedrooms | $1.1M | $1.1M | +5.5% |
Summary: West Deerfield Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
West Deerfield Township | $662.8K | $740.5K | +11.7% |
Riverwoods | $735K | $777.5K | +5.8% |
Highland Park | $637.6K | $667K | +4.6% |
Deerfield | $533.3K | $545K | +2.2% |
Housing Supply in West Deerfield Township, IL
How many homes are available in West Deerfield Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
127 | 146 | +15.0% |
Summary: The West Deerfield Township real estate market had 146 homes for sale in April 2024, a 15.0% 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 | 11 | 16 | +45.5% |
3 Bedrooms | 20 | 21 | +5.0% |
4 Bedrooms | 60 | 67 | +11.7% |
5+ Bedrooms | 36 | 42 | +16.7% |
Summary: The West Deerfield Township 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 45.5%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 37 | +27.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in West Deerfield Township in April 2024, up by 27.6% month-over-month. Of the 37 sold homes, 30% were sold under asking, 22% were sold at asking, and 49% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 14 Days | -26.3% |
Summary: Homes in West Deerfield Township had an average of 14 days on market in Apr 2024, down by 26.3% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 37 homes were sold in West Deerfield Township; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.