Is Deerfield, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Deerfield has remained a Seller's Market.
Key Takeaway
Deerfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Deerfield, WI
How much do homes in Deerfield, WI cost?
Median Sold Price
$350,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Deerfield have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in Deerfield was $350,000 in May 2024, up 16.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $286K | $284.5K | -0.5% |
| 3 Bedrooms | $340K | $346.8K | +2.0% |
| 4 Bedrooms | $392.5K | $387.5K | -1.3% |
| 5+ Bedrooms | - | $625K | N/A |
Summary: Deerfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes did not change.
Housing Supply in Deerfield, WI
How many homes are available in Deerfield, WI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Summary: The Deerfield real estate market had 23 homes for sale in May 2024, a 27.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Deerfield housing inventory by bedroom type for May 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 27.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Deerfield, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Deerfield in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Deerfield, WI
We’re sorry, we don't have information for this market at the moment
