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Foreclosure Homes in Deerfield, IL

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Deerfield, IL Foreclosures

Current Market Conditions in in Deerfield, IL As of April 2026?
Over the past month, Deerfield's real estate market has continued its upward trajectory, with the inventory of homes available for sale tightening. This increase in demand alongside low housing stock has driven competition among buyers, leading to multiple offer situations and above-list sales prices for well-maintained homes. Buyers are encouraged to act quickly as properties are moving off the market faster than in previous months, reflecting overall confidence in the local housing market.
How much do homes sell for in Deerfield, IL?
The average home price is currently $760,791.
In Deerfield, IL, how many homes are available?
There are currently 347 active home listings available in Deerfield.
What’s the average rental cost in Deerfield, IL?
The average rental price in Deerfield is $2,979.
What is the most expensive home in Deerfield?
The most expensive home sold in Deerfield had a price of $171,003,808.
What is currently the cheapest priced home in Deerfield, IL?
The cheapest home for sale in Deerfield is priced at $16,146.

Living in Deerfield, IL

Deerfield, located in Lake County, Illinois, is a picturesque suburb known for its family-friendly atmosphere and strong sense of community. This affluent area features a blend of suburban tranquility with close proximity to urban amenities, making it a desirable place for families and professionals alike. With top-rated schools, beautiful parks, and vibrant shopping districts, Deerfield offers a high quality of life.

Buyer vs Seller Market in Deerfield, IL

The real estate market in Deerfield, IL, remains robust, with rising home values attracting both buyers and investors. Recent trends show a strong demand for single-family homes, particularly among families seeking quality schools and a suburban lifestyle.

The luxury market in Deerfield has also experienced growth, with high-end properties commanding significant attention due to their desirable locations and features tailored for upscale living.

Home Value Estimator For Deerfield, IL

There are currently 7,817 real estate properties in Deerfield, IL, with a median automated valuation model (AVM) price of $637,276.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Deerfield, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Deerfield, IL, is $760,791.00, with the most expensive house in Deerfield, IL, topping out at $171,003,808.00 and the cheapest home in Deerfield, IL, clocking in at $16,146.00. In other words, there’s something for every potential homebuyer or savvy investor in Deerfield, IL!

Rent Prices In Deerfield, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Deerfield, IL, is on a rollercoaster ride. The average rent price in Deerfield, IL, is $2,979.00. Indeed, when looking to rent in Deerfield, IL, you can expect to pay as little as $1,100.00 or as much as $5,500.00, with the average rent median estimated to be $2,900.00. The good news is that finding an affordable and desirable property to rent in Deerfield, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Deerfield, IL Foreclosures

Market Trend for Deerfield, IL

Total Listings Available: 347

Market Values:

Home Prices from $16,146 to $171,003,808

Average Sales Price: $760,791

Rental Values:

Rental from $1,100 to $5,500

Average Rent Value: $2,979 / month

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