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 buyer's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

Berwyn Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Berwyn Township, IL cost?

Median Sold Price

$302,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$12,000(+4.1%)

Key Takeaway

Homes in Berwyn Township have sold for 4.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $97K$86.9K
-10.4%
2 $235K$237.5K
+1.1%
3 $287K$296.2K
+3.2%
4 $332K$330K
-0.6%
5+ $359K$380K
+5.8%

Median Sold Price Compared To Nearby Cities

Cicero
+4.9%
Cicero Township
+4.9%
Berwyn
+4.2%
Berwyn Township
+4.1%
Stickney
-7.2%

How many homes are available in Berwyn Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
174185+6.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 34
+33.3%
2 3734
-8.1%
3 6574
+13.8%
4 3235
+9.4%
5+ 3738
+2.7%

Number of Homes Sold

Oct 2022Nov 2022%
3725-32.4%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 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. 58.3% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
29 Days39 Days+36.4%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 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.

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

About Berwyn Township, IL

Berwyn Township, IL has 185 homes on the market. The number of listings in Berwyn Township, IL increased by 6.3% between October 2022 and November 2022. Listings spent 39 days on the market in November 2022, and had a median list price of $302,000 during the same period. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties became 10.4% more cheaper, 2 bedrooms properties prices increased by 1.1%, 3 bedrooms properties prices increased by 3.2%, the cost of 4 bedrooms properties went down by 0.6%, the cost of 5 bedrooms properties went up by 5.8%. This housing market inventory have changed: 1 bedroom homes inventory increased by 33.3%, 2 bedrooms homes inventory decreased by 8.1%, number of 3 bedrooms homes increased by 13.8%, the quantity of 4 bedrooms homes went up by 9.4%, 5 bedrooms homes became 2.7% more available. While more than 4 listings in Berwyn Township, IL in November 2022 were sold above asking price, there were more than 6 listings sold at asking price, and more than 14 were sold below.

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