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Featured local agent — Deerfield, IL
Sarah Mitchell
Compass Real Estate · Deerfield, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Deerfield, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$570,000median sale price
How is the Deerfield, IL housing market right now?
The median home sale price in Deerfield, IL is $570,000, down 15.7% year-over-year. Homes sell in an average of 51 days with 68 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Deerfield a buyer's or seller's market?
Deerfield, IL is currently a seller's market, based on 2.1 months of supply and homes selling in about 51 days. How we determine this →
Homes sold
33
Last 12 weeks
Days on market
51
Average pace
Active listings
68
2.1 months supply
Sale-to-list
101.8%
Above asking
What does the Deerfield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $570,000 |
| Median list price | $679,000 |
| Year-over-year price change | -15.7% |
| Average days on market | 51 days |
| Active inventory | 68 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 101.8% |
| Median price per sq ft | $287/sq ft |
| Homes sold (latest month) | 33 |
| New listings (latest month) | 41 |
| Listings with a price cut | 23.5% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Deerfield by property type?
How the Deerfield, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $667,500 | $288/sq ft | 28 | 55 days |
| Condo / Co-op | $310,000 | $251/sq ft | 5 | 31 days |
| Townhouse | $692,000 | $307/sq ft | 2 | 46 days |
Source: Redfin · Updated monthly
The Deerfield housing market is currently classified as a seller's market with a median sale price of $570,000. Prices have fallen 15.7% compared to last year, with homes spending an average of 51 days on market, indicating 2.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.5x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Deerfield
There are currently 68 homes listed for sale in Deerfield, Illinois. The median listing price is $679K.
Active listings
68
Homes on market
Median list price
$679K
Avg. days on market
51
Days until sale
New this week
41
Newly listed
Who lives in Deerfield?
Population
19,185
Median income
$189,705/yr
Median age
44.5 years
Owner-occupied
83.3%
College grads
82.7%
Avg commute
28.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Deerfield?
Zillow home value
$657,733
Zillow rent index
$2,543/mo
Price-to-rent ratio
21.6x
Price-to-income
3.5x
Source: Zillow Research
What is it like to live in Deerfield?
Deerfield is a community of approximately 19K residents with a median age of 44.5 years.The median household income is $189,705, which reflects a relatively affluent area with strong earning potential. 82.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 83.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Deerfield offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Deerfield?
7 schools tracked · 4,144 students
The largest public schools serving Deerfield, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Deerfield High School
Grades 9-12 · 1,429 students
Wilmot Elem School
Grades K-5 · 483 students
Alan B Shepard Middle School
Grades 6-8 · 462 students
Kipling Elem School
Grades K-5 · 459 students
Walden Elem School
Grades K-5 · 447 students
South Park Elem School
Grades PK-5 · 433 students
Charles J Caruso Middle School
Grades 6-8 · 431 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Deerfield, IL?
Want a head-to-head view? Compare Deerfield side-by-side with any other U.S. city using our market-comparison tool.
Is Deerfield a good real estate investment market?
For investors evaluating Deerfield, the price-to-rent ratio of 21.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 15.7% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Deerfield's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Deerfield's median home price.
Frequently asked questions
What is the average home price in Deerfield?
The median home sale price in Deerfield is $570,000, down 15.7% from last year.
How long do homes stay on market in Deerfield?
Homes typically spend 51 days on market before going under contract.
What is the median income in Deerfield?
The median household income is $189,705 per year.
Is Deerfield a buyer's or seller's market?
With 2.1 months of supply, Deerfield is currently a seller's market.
What is the Zillow home value estimate for Deerfield?
The Zillow Home Value Index (ZHVI) for Deerfield is $657,733, representing the typical home value in the area.
What is the median condo price in Deerfield?
The median condo/co-op sale price in Deerfield, IL is $310,000, compared to $667,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Deerfield?
The median single-family home price in Deerfield, IL is $667,500 (about $288 per square foot).
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