Deerfield, IL 60015 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

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.

Market Trends & Context

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

Key Findings

1. median sold price: 840,000 — The median sold price is the primary indicator of recent market value and shows that recent transactions are occurring at a price point materially above the asking benchmark; this gap suggests strong seller realizations and requires buyers to price competitively to close deals.
2. median listing price: 739,900 — The delta between median listing price and median sold price points to pricing friction where seller expectations or listing strategies differ from final transaction levels; this apparent mismatch may indicate aggressive pricing or bidding dynamics and suggests sellers can often achieve premiums when market conditions align.
3. median days on market: 304 — The long median days on market signals slower sales velocity despite a hot market temperature, which may reflect a mismatch between price bands and buyer demand or a subset of properties requiring extended marketing; this suggests selective liquidity where only well-positioned listings transact quickly.
4. market temperature: hot, price year-over-year trend: up, rent year-over-year trend: up, and interest rate pressure: elevated — Together these metrics indicate a heated sales and rental environment with upward pricing and rent pressure, but with affordability headwinds from elevated interest rates (current 30-year fixed mortgage rates averaging 6.49% in the area compared with 6.2% earlier in 2026); this combination suggests sellers maintain negotiating leverage while some buyers face tighter financing constraints, so rate sensitivity should be factored into pricing and timing decisions.

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.