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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 February 2026?
In the last month, Deerfield's real estate market has seen an increase in buyer interest, particularly in the single-family home segment. Listings that are well-maintained and located within top-rated school districts continue to attract multiple offers. With the spring market approaching, sellers are increasingly putting homes on the market, signaling a slight uptick in inventory. However, due to lingering demand, prices remain stable compared to previous months.
How much do homes sell for in Deerfield, IL?
The average home price is currently $770,119.
In Deerfield, IL, how many homes are available?
There are currently 250 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 $174,859,624.
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 situated just north of Chicago, offering a high standard of living with top-notch schools, an assortment of parks, and a lively downtown area overflowing with shops and dining options. The community is perfect for families, with easy access to public transport leading into Chicago, making it an ideal place for those who enjoy a serene suburban lifestyle balanced with urban conveniences.

Buyer vs Seller Market in Deerfield, IL

Deerfield's real estate market is currently experiencing a robust demand, driven by the area's excellent school district and family-friendly atmosphere. Home prices have shown steady appreciation, and listings are moving quickly due to the limited inventory available in this attractive suburb.

The market is characterized by an influx of families seeking residential space and quality education options, leading to competitive bids and above-list sales in certain neighborhoods.

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 $650,906.00. 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 $770,119.00, with the most expensive house in Deerfield, IL, topping out at $174,859,624.00 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: 250

Market Values:

Home Prices from $16,146 to $174,859,624

Average Sales Price: $770,119

Rental Values:

Rental from $1,100 to $5,500

Average Rent Value: $2,979 / month

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