Inventory in South Deering has tightened over the past year on a rolling three-month basis. Active listings are down about 23 percent year over year to 59, while homes sold have fallen roughly 39 percent and new listings are down more than 46 percent. Pending sales are also lower than a year ago, signaling slower contract flow even as available homes have declined.
Pricing has moved in the opposite direction. The typical home value over the latest three-month period is up about 48 percent compared with a year earlier, and the average sale-to-list ratio has edged above 101 percent, indicating buyers are often paying slightly over asking. A larger share of homes, nearly 35 percent, are now selling above list price, even though that share is slightly below last year’s level.
The pace of the market has shifted noticeably. Median days on market have risen to 59, far higher than a year ago, and months of supply have expanded to about 5.9, which is much higher than both last year’s level and Chicago’s broader 3.1 months. This mix of strong price gains, thinner inventory, and slower turnover can be challenging to navigate, so both buyers and sellers in South Deering can benefit from Agent Pronto’s help connecting with an experienced local agent.
