Is Deer Park Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Deer Park Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Deer Park Township has remained a Seller's Market.

Key Takeaway

Deer Park Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Deer Park Township, IL

How much do homes in Deer Park Township, IL cost?

Median Sold Price

$595,000

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$420,500(+241.0%)

Key Takeaway

Homes in Deer Park Township have sold for 241% more than they did a year ago.

Summary: The median home sold price in Deer Park Township was $595,000 in March 2024, up 241% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $202.5K$250K
+23.5%
2 $155K$192.5K
+24.2%
3 $347K$535K
+54.2%
4 $727.5K$682.5K
-6.2%
5+ -$874.9K
N/A

Summary: Deer Park Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.5%, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 54.2%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Deer Park Township
+241.0%
Oglesby
+21.4%

Housing Supply in Deer Park Township, IL

How many homes are available in Deer Park Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
440.0%

Summary: The Deer Park Township real estate market had 4 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 00
0.0%
3 11
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Deer Park Township 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 remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deer Park Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Deer Park Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Deer Park Township, IL

How long does it take to sell a home in Deer Park Township, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
50 Days42 Days-17.1%

Summary: Homes in Deer Park Township had an average of 42 days on market in Mar 2024, down by 17.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Deer Park Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 2 homes were sold in Deer Park Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Deer Park Township, IL

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