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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berwyn Township is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Berwyn Township was a Seller's Market.

Key Takeaway

Berwyn Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Berwyn Township, IL

How much do homes in Berwyn Township, IL cost?

Median Sold Price

$328,375

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$28,374(+9.5%)

Key Takeaway

Homes in Berwyn Township have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Berwyn Township was $328,375 in September 2024, up 9.5% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $106K$116.5K
+9.9%
2 $216.5K$247.2K
+14.2%
3 $292.8K$315K
+7.6%
4 $350K$370.5K
+5.9%
5+ $367.5K$450K
+22.4%

Summary: Berwyn Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 22.4%.

Median Sold Price Compared To Nearby Cities

Berwyn Township
+9.5%
Berwyn
+9.5%
Cicero
+7.0%
Cicero Township
+7.0%
Stickney
+3.9%

Housing Supply in Berwyn Township, IL

How many homes are available in Berwyn Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
174179+2.9%

Summary: The Berwyn Township real estate market had 179 homes for sale in September 2024, a 2.9% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 44
0.0%
2 3839
+2.6%
3 5259
+13.5%
4 5151
0.0%
5+ 2926
-10.3%

Summary: The Berwyn Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 13.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 10.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4928-42.9%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berwyn Township, you could pay more than the asking price. 46.4% of homes here sold above asking price last month.

Summary: A total of 28 homes were sold or pending in Berwyn Township in September 2024, down by 42.9% month-over-month. Of the 28 sold homes, 39% were sold under asking, 14% were sold at asking, and 46% were sold over asking.

Days on Market for Berwyn Township, IL

How long does it take to sell a home in Berwyn Township, IL?

Average Sale Time

Sep 2023Sep 2024CHANGE
37 Days25 Days-31.6%

Summary: Homes in Berwyn Township had an average of 25 days on market in Sep 2024, down by 31.6% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

6 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 28 homes were sold in Berwyn Township; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% 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 26 Days Ago

Newest Listings in Berwyn Township, IL

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