Baird & Warner's Market Report

Deerfield, IL

Single-Family Homes

www.BairdWarner.com


Deerfield, IL

Sat Aug 02 2025
This week the median list price for Deerfield, IL is $860,000 with the market action index hovering around 56. This is less than last month's market action index of 66. Inventory has increased to 31. Click here to stay informed with the Deerfield market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Deerfield, IL

Sat Aug 02 2025
This week the median list price for Deerfield, IL is $860,000 with the market action index hovering around 56. This is less than last month's market action index of 66. Inventory has increased to 31. Click here to stay informed with the Deerfield market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Deerfield market.
Median List Price $860,000
Median Price of New Listings $747,000
Per Square Foot $307
Average Days on Market 51
Median Days on Market 28
Price Decreased 42%
Price Increased 0%
Relisted 23%
Inventory 31
Median Rent
Market Action 56
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,147,500 5,084 1 - 2.5 acres 5 4.8 48 1 1 35
$972,000 3,535 0.25 - 0.5 acre 5 4.3 34 1 1 42
$744,500 2,955 0.25 - 0.5 acre 4 2.5 58 0 1 38
$499,000 1,592 - 4 3 70 2 2 7