Is South Deering, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, South Deering was a Seller's Market.
Housing Prices in South Deering, IL
How much do homes in South Deering, IL cost?
Median Sold Price
$108,375
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Deering was $108,375 in April 2024, down 7.4% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $79.9K | $77.5K | -3.0% |
3 Bedrooms | $127K | $120K | -5.5% |
4 Bedrooms | $197K | $175K | -11.2% |
5+ Bedrooms | $203K | $170K | -16.3% |
Summary: South Deering 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 decreased by 3%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes decreased by 16.3%.
Median Sold Price Compared To Nearby Neighborhoods
East Side | $187K | $224K | +19.8% |
Hegewisch | $200K | $210K | +5.0% |
Far Southeast Side | $174.9K | $176.3K | +0.8% |
South Deering | $117K | $108.3K | -7.4% |
Housing Supply in South Deering, IL
How many homes are available in South Deering, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 41 | +13.9% |
Summary: The South Deering real estate market had 41 homes for sale in April 2024, a 13.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 19 | 23 | +21.1% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The South Deering 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 21.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in South Deering in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for South Deering, IL
How long does it take to sell a home in South Deering, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 73 Days | +62.6% |
Summary: Homes in South Deering had an average of 73 days on market in Apr 2024, up by 62.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in South Deering; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.