Is Deerfield, WI 53531 a buyer’s or seller’s market?

The Deerfield housing market right now

In the three months ending August 31, 2026, 38% of homes in Deerfield, WI 53531 sold above their list price, the typical home went under contract in 56 days and there were 4.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 25 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 40%, homes sold more slowly (42 days then) and the median sale price rose 11% to $479,792. Overall, Deerfield is less competitive than a year ago, which gives buyers more room.

Within Dane County, homes here sell more slowly than in 71% of the county’s ZIP codes, and sell more often over asking than in 52%. On our competition score, Deerfield ranks #200 of 319 WI ZIP codes with enough sales (score 60 out of 100).

Nearby, buyers who want less competition could look at Blue Mounds 53517 (0% sold over asking) or Cross Plains 53528 (21% sold over asking), while Dane 53529 (67% sold over asking) and Madison 53715 (63% sold over asking) are even more competitive.