Deerfield, IL 60015 Real Estate Market Report

ZIP Code: 60015
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Deerfield IL 60015 are averaging 6.3% to 6.5%, which is higher than the 5.87% average observed in February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The neighborhood's primary market indicator, the median sold price $761,000, signals realized market value and, together with the reported marketTemperature hot, suggests continued upward pressure on transaction prices.

2. The spread between the median listing price $849,000 and the median sold price suggests pricing friction and elevated seller expectations; coupled with the lengthy median days on market 273, this may indicate slower sales velocity and longer negotiation cycles rather than immediate turnover.

3. The median price per square foot $307 indicates premium pricing relative to typical suburban peers and, when combined with a rising rent trend and median market rent $2,699, supports ongoing investor and rental demand as rentYoYTrend is up.

4. Interest rate dynamics warrant caution: interest rate pressure moderate with property rate comparison noting current 30-year fixed mortgage rates averaging 6.3% to 6.5%, higher than the 5.87% average observed in February 2026, which may temper some buyer urgency despite a hot market.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Deerfield, IL 60015 Real Estate Market Report

ZIP Code: 60015
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Deerfield IL 60015 are averaging 6.3% to 6.5%, which is higher than the 5.87% average observed in February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary indicator of market value is the $345,000 median sold price, which, combined with a hot market temperature and an upward price trend, suggests recent transaction prices are supporting ongoing appreciation.

2. Despite the strong price signal, the median days on market is 308, which points to slower sales velocity and pricing friction—this may indicate that certain listings require longer marketing time to reach contract even as overall prices rise.

3. Supply dynamics in the analyzed sample appear to reflect relatively constrained active supply versus sales activity, producing up year-over-year rent and price trends; median price per square foot of $237 and median market rent of $2,180 support continued investor and landlord interest in the SFR and condominium segments.

4. Interest-rate context is a moderating factor: interest rate pressure is moderate, and Current 30-year fixed mortgage rates in Deerfield IL 60015 are averaging 6.3% to 6.5%, which is higher than the 5.87% average observed in February 2026; this may temper buyer urgency despite a hot market temperature and rising rents.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.