Is Alsip, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Alsip has remained a Seller's Market.
Housing Prices in Alsip, IL
How much do homes in Alsip, IL cost?
Median Sold Price
$245,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Alsip was $245,000 in May 2024, up 8.7% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75.9K | $77.5K | +2.0% |
2 Bedrooms | $147K | $140K | -4.8% |
3 Bedrooms | $245K | $270K | +10.2% |
4 Bedrooms | $290K | $305K | +5.2% |
5+ Bedrooms | $299K | $306.2K | +2.4% |
Summary: Alsip housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
Alsip | $225.4K | $245K | +8.7% |
Worth Township | $230.5K | $249.8K | +8.4% |
Oak Lawn | $244.2K | $255.1K | +4.5% |
Blue Island | $199.9K | $198.5K | -0.7% |
Housing Supply in Alsip, IL
How many homes are available in Alsip, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
55 | 60 | +9.1% |
Summary: The Alsip real estate market had 60 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 18 | 13 | -27.8% |
3 Bedrooms | 20 | 24 | +20.0% |
4 Bedrooms | 12 | 14 | +16.7% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Alsip housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 27.8%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Alsip in May 2024, up by 12.5% month-over-month. Of the 18 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Alsip, IL
How long does it take to sell a home in Alsip, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 26 Days | +34.1% |
Summary: Homes in Alsip had an average of 26 days on market in May 2024, up by 34.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Alsip; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.