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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alsip is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Alsip, IL

How much do homes in Alsip, IL cost?

Median Sold Price

$249,900

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,900(+4.1%)

Key Takeaway

Homes in Alsip have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Alsip was $249,900 in November 2024, up 4.1% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $75.9K$90K
+18.6%
2 $147K$140K
-4.8%
3 $264.9K$288.5K
+8.9%
4 $290K$305K
+5.2%
5+ $285.4K$353.5K
+23.8%

Summary: Alsip housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.6%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 23.8%.

Median Sold Price Compared To Nearby Cities

Blue Island
+13.2%
Worth Township
+9.4%
Oak Lawn
+8.4%
Alsip
+4.1%
Merrionette Park
+1.8%

Housing Supply in Alsip, IL

How many homes are available in Alsip, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6770+4.5%

Summary: The Alsip real estate market had 70 homes for sale in November 2024, a 4.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 23
+50.0%
2 2526
+4.0%
3 3033
+10.0%
4 65
-16.7%
5+ 43
-25.0%

Summary: The Alsip housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1715-11.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alsip, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Alsip in November 2024, down by 11.8% month-over-month. Of the 15 sold homes, 33% were sold under asking, 20% were sold at asking, and 47% 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

Nov 2023Nov 2024CHANGE
28 Days28 Days-0.5%

Summary: Homes in Alsip had an average of 28 days on market in Nov 2024, down by 0.5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 15 homes were sold in Alsip; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% 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 17 Days Ago

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