Is Berwyn, 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, Berwyn has remained a Seller's Market.
Housing Prices in Berwyn, IL
How much do homes in Berwyn, IL cost?
Median Sold Price
$325,733
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Berwyn was $325,733 in May 2024, up 10.5% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87.5K | $110K | +25.7% |
2 Bedrooms | $223.4K | $244.6K | +9.5% |
3 Bedrooms | $290K | $313K | +7.9% |
4 Bedrooms | $329.5K | $367.9K | +11.7% |
5+ Bedrooms | $372.5K | $421.4K | +13.1% |
Summary: Berwyn housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.7%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Cities
Berwyn Township | $294.6K | $325.7K | +10.6% |
Berwyn | $294.7K | $325.7K | +10.5% |
Stickney | $250K | $267K | +6.8% |
Cicero | $260K | $268K | +3.1% |
Cicero Township | $260K | $268K | +3.1% |
Housing Supply in Berwyn, IL
How many homes are available in Berwyn, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
152 | 185 | +21.7% |
Summary: The Berwyn real estate market had 185 homes for sale in May 2024, a 21.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 28 | 31 | +10.7% |
3 Bedrooms | 57 | 68 | +19.3% |
4 Bedrooms | 38 | 52 | +36.8% |
5+ Bedrooms | 26 | 31 | +19.2% |
Summary: The Berwyn housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes increased by 19.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 44 | +37.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Berwyn in May 2024, up by 37.5% month-over-month. Of the 44 sold homes, 52% were sold under asking, 7% were sold at asking, and 41% were sold over asking.
Days on Market for Berwyn, IL
How long does it take to sell a home in Berwyn, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 27 Days | -43.7% |
Summary: Homes in Berwyn had an average of 27 days on market in May 2024, down by 43.7% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 44 homes were sold in Berwyn; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.