Is Berwyn, 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, Berwyn has remained a Seller's Market.
Housing Prices in Berwyn, IL
How much do homes in Berwyn, IL cost?
Median Sold Price
$327,708
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Berwyn was $327,708 in June 2024, up 9.5% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $101K | $110K | +8.9% |
2 Bedrooms | $220K | $250K | +13.6% |
3 Bedrooms | $293.5K | $315K | +7.3% |
4 Bedrooms | $335K | $370.2K | +10.5% |
5+ Bedrooms | $367.5K | $425K | +15.6% |
Summary: Berwyn housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 15.6%.
Median Sold Price Compared To Nearby Cities
Berwyn | $299.2K | $327.7K | +9.5% |
Berwyn Township | $299.1K | $327.7K | +9.5% |
Stickney | $250K | $269.5K | +7.8% |
Cicero | $260K | $274.9K | +5.8% |
Cicero Township | $260K | $274.9K | +5.7% |
Housing Supply in Berwyn, IL
How many homes are available in Berwyn, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
172 | 182 | +5.8% |
Summary: The Berwyn real estate market had 182 homes for sale in June 2024, a 5.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 30 | 34 | +13.3% |
3 Bedrooms | 63 | 62 | -1.6% |
4 Bedrooms | 47 | 48 | +2.1% |
5+ Bedrooms | 30 | 34 | +13.3% |
Summary: The Berwyn housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
46 | 39 | -15.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Berwyn in June 2024, down by 15.2% month-over-month. Of the 39 sold homes, 38% were sold under asking, 26% were sold at asking, and 36% were sold over asking.
Days on Market for Berwyn, IL
How long does it take to sell a home in Berwyn, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
26 Days | 13 Days | -48.5% |
Summary: Homes in Berwyn had an average of 13 days on market in Jun 2024, down by 48.5% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 39 homes were sold in Berwyn; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.