Is Beverly, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Beverly has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $83K | $104.9K | +26.4% |
2 Bedrooms | $251.7K | $229.4K | -8.9% |
3 Bedrooms | $391K | $357K | -8.7% |
4 Bedrooms | $425K | $455K | +7.1% |
5+ Bedrooms | $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 | $244.8K | $251.4K | +2.7% |
Beverly | $390K | $355.5K | -8.8% |
Housing Supply in Beverly, IL
How many homes are available in Beverly, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 77 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 21 | 27 | +28.6% |
4 Bedrooms | 22 | 25 | +13.6% |
5+ Bedrooms | 8 | 9 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 14 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 25 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
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.