Is Alsip, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Alsip has remained a Seller's Market.
Housing Prices in Alsip, IL
How much do homes in Alsip, IL cost?
Median Sold Price
$240,500
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Alsip was $240,500 in March 2024, up 5.9% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75.9K | $70K | -7.8% |
2 Bedrooms | $142.5K | $145K | +1.8% |
3 Bedrooms | $250K | $265K | +6.0% |
4 Bedrooms | $280K | $300K | +7.1% |
5+ Bedrooms | $291K | $323.7K | +11.3% |
Summary: Alsip housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
Worth Township | $230K | $244.9K | +6.5% |
Alsip | $227K | $240.5K | +5.9% |
Oak Lawn | $240.3K | $251.5K | +4.6% |
Blue Island | $200K | $192K | -4.0% |
Housing Supply in Alsip, IL
How many homes are available in Alsip, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 52 | -1.9% |
Summary: The Alsip real estate market had 52 homes for sale in March 2024, a 1.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 29 | 25 | -13.8% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Alsip housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Alsip in March 2024, down by 20.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Alsip, IL
How long does it take to sell a home in Alsip, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 48 Days | -16.7% |
Summary: Homes in Alsip had an average of 48 days on market in Mar 2024, down by 16.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Alsip; 58% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.