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Short Sale Listings in Deerfield, IL

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Deerfield, IL Foreclosures

Current Market Conditions in in Deerfield, IL As of March 2026?
In the past month, Deerfield's real estate market has seen a slight increase in property sales, attributed to the seasonal uptick in buyer activity typically seen in the spring. Despite a competitive landscape, some price reductions have been noted as sellers aim to attract buyers in a fluctuating market. Overall, the market remains robust, showcasing a healthy balance of supply and demand.
How much do homes sell for in Deerfield, IL?
The average home price is currently $761,640.
In Deerfield, IL, how many homes are available?
There are currently 10 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 $173,375,184.
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, IL, is a picturesque suburb of Chicago known for its family-friendly community, exceptional schools, and abundant parks. Residents enjoy a suburban lifestyle with easy access to urban amenities, and the area hosts various community events throughout the year. Its well-established local shops and dining options make it an appealing place to live.

Buyer vs Seller Market in Deerfield, IL

The Deerfield housing market is currently experiencing growth, with a steady increase in home values over the past few years. The demand for single-family homes remains strong, driven by the excellent school district and community amenities. Overall, the market is competitive, with homes often selling quickly and receiving multiple offers.

Current trends show a growing interest in eco-friendly homes and properties with more outdoor space, as buyers prioritize sustainability and outdoor living in their home search. This trend is further fueled by remote work, allowing families to seek homes in desirable suburban locations.

Home Value Estimator For Deerfield, IL

There are currently 7,819 real estate properties in Deerfield, IL, with a median automated valuation model (AVM) price of $639,315.00. 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 $761,640.00, with the most expensive house in Deerfield, IL, topping out at $173,375,184.00 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 Short Sale Listings

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