South Deering’s rolling three-month view shows a leaner pool of listings and slower contract flow than a year ago. Active listings are down more than 13 percent year over year, while homes sold have fallen about 16 percent and pending sales are also lower. Even with fewer deals closing, new listings have increased roughly 10 percent, so fresh options are still coming to market.
Pricing has adjusted downward in response to this softer activity. The typical home value over the period is about $133,000, down nearly 17 percent from a year earlier, while the median list price is slightly higher than last year, indicating sellers are still testing the market. At the same time, the share of homes selling above list has grown by around 8 percent year over year and months of supply has dropped to 3.2, suggesting that well-priced homes can still draw solid interest.
Homes are taking longer to sell, with median days on market up about 27 percent from last year to 93 days, well above the broader Chicago pace even though both sit near three months of supply. With an average sale-to-list ratio just over 93 percent, buyers may find room for negotiation, but sellers who price strategically can still secure strong offers. In this kind of mixed market, Agent Pronto can connect both buyers and sellers with an experienced South Deering agent who understands these shifting trends and how to navigate them.
