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 seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

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

Median Sold Price

$678,625

$249/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$83,708(+14.1%)

Key Takeaway

Homes in West Deerfield Township have sold for 14.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $171.5K$197.5K
+15.2%
2 $290K$277.5K
-4.3%
3 $413.7K$500K
+20.8%
4 $675.3K$740K
+9.6%
5+ $975K$1.1M
+13.3%

Median Sold Price Compared To Nearby Cities

West Deerfield Township
+14.1%
Deerfield
+13.3%
Highland Park
+9.5%
Riverwoods
-1.2%

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

Number of Homes For Sale

Oct 2022Nov 2022%
145142-2.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 31
-66.7%
2 79
+28.6%
3 3230
-6.3%
4 7272
0.0%
5+ 3130
-3.2%

Number of Homes Sold

Oct 2022Nov 2022%
3531-11.4%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Deerfield Township, you may be able to get a good deal. 54.8% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
45 Days20 Days-55.8%

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

5 Homes Were 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.

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

About West Deerfield Township, IL

West Deerfield Township, IL has 142 homes on the market. Between October 2022 and November 2022, West Deerfield Township, IL real estate market has seen decrease in the number of listings by 2.1%. In November 2022, listings were on the market for 20 days. During the same period, the median list price in this real estate market was $678,625. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties became 15.2% more expensive, prices of 2 bedrooms properties went down by 4.3%, prices of 3 bedrooms properties went up by 20.8%, 4 bedrooms properties became 9.6% more expensive, prices of 5 bedrooms properties went up by 13.3%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory decreased by 66.7%, 2 bedrooms homes inventory increased by 28.6%, volume of 3 bedrooms homes went down by 6.3%, volume of 4 bedrooms homes stayed the same, the quantity of 5 bedrooms homes went down by 3.2%. In November 2022, from all listings sold in West Deerfield Township, IL there were more than 8 sold above asking price, over 17 sold below and more than 6 were sold right at the asked price.

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