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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Deerfield Township is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, West Deerfield Township was a Seller's Market.

Key Takeaway

West Deerfield Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in West Deerfield Township, IL

How much do homes in West Deerfield Township, IL cost?

Median Sold Price

$736,266

$281/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$40,047(+5.8%)

Key Takeaway

Homes in West Deerfield Township have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in West Deerfield Township was $736,266 in September 2024, up 5.8% from last year, and the median price per square foot was $281.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $219.2K$285K
+30.0%
2 $345K$372.5K
+8.0%
3 $514K$535K
+4.1%
4 $794K$830K
+4.5%
5+ $1.1M$1.1M
+7.0%

Summary: West Deerfield Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 7%.

Median Sold Price Compared To Nearby Cities

Riverwoods
+18.9%
Highland Park
+9.9%
West Deerfield Township
+5.8%
Deerfield
+2.6%

Housing Supply in West Deerfield Township, IL

How many homes are available in West Deerfield Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
127129+1.6%

Summary: The West Deerfield Township real estate market had 129 homes for sale in September 2024, a 1.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 1413
-7.1%
3 2820
-28.6%
4 4047
+17.5%
5+ 4548
+6.7%

Summary: The West Deerfield Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 6.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4316-62.8%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Deerfield Township, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.

Summary: A total of 16 homes were sold or pending in West Deerfield Township in September 2024, down by 62.8% month-over-month. Of the 16 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% 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

Sep 2023Sep 2024CHANGE
30 Days18 Days-39.8%

Summary: Homes in West Deerfield Township had an average of 18 days on market in Sep 2024, down by 39.8% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 16 homes were sold in West Deerfield Township; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% 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 3 Days Ago

Newest Listings in West Deerfield Township, IL

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