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 April 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

$324,975

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$28,641(+9.7%)

Key Takeaway

Homes in Berwyn Township have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in Berwyn Township was $324,975 in April 2024, up 9.7% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $90.2K$110K
+21.9%
2 $225K$235.7K
+4.8%
3 $295K$300K
+1.7%
4 $329.5K$366K
+11.1%
5+ $373.7K$417K
+11.6%

Summary: Berwyn Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.9%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 11.6%.

Median Sold Price Compared To Nearby Cities

Berwyn
+9.8%
Berwyn Township
+9.7%
Cicero
+5.3%
Cicero Township
+5.3%
Stickney
+5.0%

Housing Supply in Berwyn Township, IL

How many homes are available in Berwyn Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
132168+27.3%

Summary: The Berwyn Township real estate market had 168 homes for sale in April 2024, a 27.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 45
+25.0%
2 2529
+16.0%
3 4762
+31.9%
4 3444
+29.4%
5+ 2228
+27.3%

Summary: The Berwyn Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 31.9%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2529+16.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

2 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 may be able to get a good deal. 48.3% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Berwyn Township in April 2024, up by 16.0% month-over-month. Of the 29 sold homes, 48% were sold under asking, 7% were sold at asking, and 45% 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

Apr 2023Apr 2024CHANGE
34 Days30 Days-12.3%

Summary: Homes in Berwyn Township had an average of 30 days on market in Apr 2024, down by 12.3% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 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 April 2024, 29 homes were sold in Berwyn Township; 76% of homes were sold within 30 days, 10% 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 14 Days Ago

Newest Listings in Berwyn Township, IL

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