Is Deer Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Deer Park has remained a Seller's Market.
Key Takeaway
Deer Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Deer Park, IL
How much do homes in Deer Park, IL cost?
Median Sold Price
$545,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Deer Park have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Deer Park was $545,000 in March 2024, down 1.4% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $247.4K | $246.8K | -0.2% |
| 3 Bedrooms | $495K | $553.5K | +11.8% |
| 4 Bedrooms | $687.2K | $680K | -1.1% |
| 5+ Bedrooms | $520K | $874.9K | +68.3% |
Summary: Deer Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 68.3%.
Median Sold Price Compared To Nearby Cities
| Kildeer | $725K | $910K | +25.5% |
| Palatine | $279.9K | $323.4K | +15.5% |
| Lake Zurich | $377K | $412K | +9.3% |
| Ela Township | $540.7K | $543.1K | 0.4% |
| Deer Park | $553K | $545K | -1.4% |
Housing Supply in Deer Park, IL
How many homes are available in Deer Park, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Summary: The Deer Park real estate market had 2 homes for sale in March 2024, a 33.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Deer Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Deer Park, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Deer Park in March 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 5 Days | -75.4% |
Summary: Homes in Deer Park had an average of 5 days on market in Mar 2024, down by 75.4% 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
Key Takeaway
Many homes in Deer Park are selling fast, if you're buying plan to act quickly.
Summary: During March 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.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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