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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Deerfield Park is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Deerfield Park, IL

How much do homes in Deerfield Park, IL cost?

Median Sold Price

$537,500

$244/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$30,250(+6.0%)

Key Takeaway

Homes in Deerfield Park have sold for 6% more than they did a year ago.

Summary: The median home sold price in Deerfield Park was $537,500 in April 2024, up 6% from last year, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $455K$457K
0.4%
4 $580K$545K
-6.0%
5+ -$860K
N/A

Summary: Deerfield 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 did not change, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes did not change.

Housing Supply in Deerfield Park, IL

How many homes are available in Deerfield Park, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
48+100.0%

Summary: The Deerfield Park real estate market had 8 homes for sale in April 2024, a 100.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 12
+100.0%
4 25
+150.0%
5+ 11
0.0%

Summary: The Deerfield 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 100%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deerfield Park, 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 Deerfield Park in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Deerfield Park, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
9 Days21 Days+121.1%

Summary: Homes in Deerfield Park had an average of 21 days on market in Apr 2024, up by 121.1% 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 Deerfield Park are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in Deerfield Park; 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 1 Day Ago

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