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

Key Findings

1. The neighborhood's primary market indicator is the median sold price: 899,000, which reflects realized transaction-level value and should be the chief reference for valuations rather than asking prices; transaction-level value.
2. There is a notable spread between the median listing price of 699,000 and the median sold price, which suggests pricing friction and seller expectations diverging from realized values; this dynamic appears alongside relatively constrained active supply, which may help sustain competitive outcomes.
3. Market velocity shows signs of moderation: the median days on market is 294, indicating slower transaction turnover even as the market temperature is reported as hot and the price year-over-year trend is up.
4. Price and rental context points to continued strength: the median price per square foot is 312 and the median market rent is 2,680, while rent year-over-year trend is up; however, elevated interest rate pressure (elevated) may introduce caution for some buyers and investors.

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.