Is Alsip, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alsip is a seller's market

Buyer's
Market

Difference Since July 2021

Since last year, Alsip has remained a Seller's Market.

Key Takeaway

Alsip is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Alsip, IL cost?

Median Sold Price

$227,000

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$26,000(+12.9%)

Key Takeaway

Homes in Alsip have sold for 12.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $53K$69.9K
+31.9%
2 $114.2K$128K
+12.0%
3 $225K$255K
+13.3%
4 $240K$299.9K
+25.0%
5+ $315K$332.4K
+5.5%

Median Sold Price Compared To Nearby Cities

Alsip
+12.9%
Oak Lawn
+10.6%
Worth Township
+9.7%
Crestwood
+6.5%

How many homes are available in Alsip, IL?

Number of Homes For Sale

Jun 2022Jul 2022%
8289+8.5%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 13
+200.0%
2 2825
-10.7%
3 3439
+14.7%
4 1417
+21.4%
5+ 55
0.0%

Number of Homes Sold

Jun 2022Jul 2022%
1723+35.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alsip, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.

Average Sale Time

Jul 2021Jul 2022%
9 Days16 Days+66.6%

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Alsip are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Alsip, IL

Number of homes for sale in Alsip, IL real estate market have reached 89. The number of homes for sale in Alsip, IL increased by 8.5% between June 2022 and July 2022. Listings spent 16 days on the market in July 2022, and had a median list price of $227,000 during the same period. Real estate listing prices changed between June 2022 and July 2022: the cost of 1 bedroom properties went up by 31.9%, the cost of 2 bedrooms properties went up by 12%, 3 bedrooms properties became 13.3% more expensive, 4 bedrooms properties became 25% more expensive, 5 bedrooms properties became 5.5% more expensive. Volume of homes for sale changed: 1 bedroom homes inventory increased by 200%, the quantity of 2 bedrooms homes went down by 10.7%, the quantity of 3 bedrooms homes went up by 14.7%, volume of 4 bedrooms homes went up by 21.4%, 5 bedrooms homes did not move. Alsip, IL housing market in July 2022 saw over 8 listings sold above listed price, more than 5 sold at listed price and over 10 sold below.

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