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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beverly is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Beverly, IL

How much do homes in Beverly, IL cost?

Median Sold Price

$355,500

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$34,500(-8.8%)

Key Takeaway

Homes in Beverly have sold for 8.8% less than they did a year ago.

Summary: The median home sold price in Beverly was $355,500 in April 2024, down 8.8% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $83K$104.9K
+26.4%
2 $251.7K$229.4K
-8.9%
3 $391K$357K
-8.7%
4 $425K$455K
+7.1%
5+ $508.5K$555K
+9.1%

Summary: Beverly housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.4%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 9.1%.

Median Sold Price Compared To Nearby Neighborhoods

Far Southwest Side
+2.7%
Beverly
-8.8%

Housing Supply in Beverly, IL

How many homes are available in Beverly, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6477+20.3%

Summary: The Beverly real estate market had 77 homes for sale in April 2024, a 20.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 33
0.0%
2 1013
+30.0%
3 2127
+28.6%
4 2225
+13.6%
5+ 89
+12.5%

Summary: The Beverly housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1514-6.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beverly, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Beverly in April 2024, down by 6.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% were sold over asking.

Days on Market for Beverly, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
28 Days25 Days-10.8%

Summary: Homes in Beverly had an average of 25 days on market in Apr 2024, down by 10.8% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 14 homes were sold in Beverly; 79% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 14% 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 5 Days Ago

Newest Listings in Beverly, IL

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