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 seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Berwyn Township, IL

How much do homes in Berwyn Township, IL cost?

Median Sold Price

$327,708

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$28,565(+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 $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

# BEDSJun 2023Jun 2024CHANGE
1 $101K$110K
+8.9%
2 $220K$250K
+13.6%
3 $293.5K$315K
+7.3%
4 $335K$370.2K
+10.5%
5+ $367.5K$425K
+15.6%

Summary: Berwyn Township 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 Township
+9.5%
Berwyn
+9.5%
Stickney
+7.8%
Cicero
+5.8%
Cicero Township
+5.7%

Housing Supply in Berwyn Township, IL

How many homes are available in Berwyn Township, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
172182+5.8%

Summary: The Berwyn Township 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

# BEDSMay 2024Jun 2024CHANGE
1 24
+100.0%
2 3034
+13.3%
3 6362
-1.6%
4 4748
+2.1%
5+ 3034
+13.3%

Summary: The Berwyn Township 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 2024Jun 2024CHANGE
4639-15.2%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berwyn Township, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in Berwyn Township 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 Township, IL

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

Average Sale Time

Jun 2023Jun 2024CHANGE
26 Days13 Days-48.5%

Summary: Homes in Berwyn Township 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

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 June 2024, 39 homes were sold in Berwyn Township; 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.

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

Report Updated 19 Days Ago

Newest Listings in Berwyn Township, IL

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