Deerfield, IL 60015 Real Estate Market Report

ZIP Code: 60015
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Deerfield, IL is characterized by a robust median sold price of $799,000, reflecting a strong demand and competitive environment. The neighborhood has increased 15% since 2023, indicating a significant appreciation in property values. This upward trend in sold prices underscores the market's resilience amidst broader economic conditions, suggesting that buyers are willing to invest at higher price points despite potential interest rate pressures.

Market activity shows elevated inventory levels, with a notable median days on market of 251. This extended timeframe may indicate slower sales velocity, as properties are taking longer to sell compared to previous periods. The current market temperature is classified as hot, yet the excess supply relative to sales activity suggests that while demand remains strong, there may be challenges in matching buyer expectations with available inventory. Overall, the market dynamics in Deerfield reflect a complex interplay of rising prices and moderated sales activity, warranting careful consideration for both buyers and sellers.

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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 are averaging 6.38%, which is 0.3% higher than the 6.67% average from March 2025.

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 median sold price of $799,000 indicates a strong market performance, reflecting rising buyer confidence.

2. With a median days on market of 251, properties are experiencing slower sales velocity, suggesting potential pricing friction.

3. The median market rent is $3,260, which is indicative of solid rental demand in the area.

4. The property tax rate stands at 2.5%, which may influence buyer affordability and overall market dynamics.

5. Current mortgage rates are averaging 6.38%, slightly elevated compared to previous months, which could impact buyer purchasing power.

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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.