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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berwyn is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Berwyn, IL cost?

Median Sold Price

$303,800

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$18,800(+6.6%)

Key Takeaway

Homes in Berwyn have sold for 6.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $94.7K$87.2K
-8.0%
2 $230K$250K
+8.7%
3 $279.3K$300K
+7.4%
4 $324.9K$330K
+1.5%
5+ $350K$380K
+8.6%

Median Sold Price Compared To Nearby Cities

Cicero Township
+9.5%
Cicero
+9.5%
Berwyn
+6.6%
Berwyn Township
+6.6%
Riverside
-10.4%

How many homes are available in Berwyn, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
205233+13.7%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 21
-50.0%
2 4546
+2.2%
3 6979
+14.5%
4 4352
+20.9%
5+ 4655
+19.6%

Number of Homes Sold

Aug 2022Sep 2022%
3941+5.1%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

9 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. 58.5% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
18 Days29 Days+62.6%

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Berwyn, IL

Berwyn, IL has 233 homes for sale to choose from. The inventory of homes for sale in Berwyn, IL between August 2022 and September 2022 increased by 13.7%. While the average time on the market in September 2022 was 29 days, the median list price was $303,800. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went down by 8%, prices of 2 bedrooms properties increased by 8.7%, prices of 3 bedrooms properties went up by 7.4%, prices of 4 bedrooms properties went up by 1.5%, 5 bedrooms properties became 8.6% more expensive. This housing market inventory have changed: 1 bedroom homes became 50% less available, 2 bedrooms homes became 2.2% more available, volume of 3 bedrooms homes went up by 14.5%, the quantity of 4 bedrooms homes went up by 20.9%, 5 bedrooms homes inventory increased by 19.6%. Berwyn, IL housing market in September 2022 saw over 9 listings sold above listed price, more than 8 sold at listed price and over 24 sold below.

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