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

Housing Market Conditions



Gauge showing Berwyn is a seller's market


Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Berwyn, IL

How much do homes in Berwyn, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Berwyn have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Berwyn was $325,733 in May 2024, up 10.5% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $87.5K$110K
2 $223.4K$244.6K
3 $290K$313K
4 $329.5K$367.9K
5+ $372.5K$421.4K

Summary: Berwyn housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.7%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 13.1%.

Median Sold Price Compared To Nearby Cities

Berwyn Township
Cicero Township

Housing Supply in Berwyn, IL

How many homes are available in Berwyn, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Berwyn real estate market had 185 homes for sale in May 2024, a 21.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 33
2 2831
3 5768
4 3852
5+ 2631

Summary: The Berwyn housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes increased by 19.2%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berwyn, you may be able to get a good deal. 52.3% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in Berwyn in May 2024, up by 37.5% month-over-month. Of the 44 sold homes, 52% were sold under asking, 7% were sold at asking, and 41% 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

May 2023May 2024CHANGE
48 Days27 Days-43.7%

Summary: Homes in Berwyn had an average of 27 days on market in May 2024, down by 43.7% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 44 homes were sold in Berwyn; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

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

Report Updated 12 Days Ago

Newest Listings in Berwyn, IL

Nearby Markets to Berwyn, IL

What housing markets are near Berwyn, IL?