Real Estate
Home Prices Inch Up in Deerfield
The Chicago area housing market appears to be rebounding for the majority of suburbs, including Deerfield.
Crain's Chicago Business has published an interactive map where residents can check by zipcode if home prices are going up or down.
In Deerfield, the 2012 median single-family home price was $537,500, up 2.9 percent from 2011.
However, the cost of a home in Deerfield is 22.7 percent less than it was five years ago, according to price indexes computed by Case-Shiller CoreLogic.
Nearby, the one-year change in home prices increased 2.2 percent in Highland Park, 2.3 percent in Lake Bluff, 2.7 percent in Lincolnshire, 2.3 percent in Northbrook, 4.5 percent in Glenview, 2.9 percent in Wheeling and 5 percent in Winnetka. Prices were down 0.7 percent in Lake Forest.
The Chicago suburb that saw the biggest increase in home prices was Austin at 16 percent, while Palos Park experienced the biggest decrease at 6.2 percent, according to Crain's.
Check out Crain's interactive map to see how other area suburbs compare and to learn more about home prices throughout the area.
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