Is Berkeley, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Berkeley has remained a Seller's Market.
Housing Prices in Berkeley, IL
How much do homes in Berkeley, IL cost?
Median Sold Price
$273,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Berkeley was $273,000 in June 2024, down 3% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $219.5K | $246.4K | +12.3% |
3 Bedrooms | $285K | $282K | -1.1% |
4 Bedrooms | $292.5K | $307.5K | +5.1% |
5+ Bedrooms | $362.5K | - | N/A |
Summary: Berkeley housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.3%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes did not change.
Housing Supply in Berkeley, IL
How many homes are available in Berkeley, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
14 | 11 | -21.4% |
Summary: The Berkeley real estate market had 11 homes for sale in June 2024, a 21.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 9 | 7 | -22.2% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Berkeley housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Berkeley in June 2024, down by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Berkeley, IL
How long does it take to sell a home in Berkeley, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
16 Days | 5 Days | -67.2% |
Summary: Homes in Berkeley had an average of 5 days on market in Jun 2024, down by 67.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 4 homes were sold in Berkeley; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.