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 October 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

$325,000

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,000(+8.3%)

Key Takeaway

Homes in Berwyn Township have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Berwyn Township was $325,000 in October 2024, up 8.3% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $107.5K$116.5K
+8.4%
2 $217K$250K
+15.2%
3 $295K$310K
+5.1%
4 $350K$365K
+4.3%
5+ $370K$450K
+21.6%

Summary: Berwyn Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 21.6%.

Median Sold Price Compared To Nearby Cities

Berwyn Township
+8.3%
Berwyn
+8.3%
Stickney
+5.8%
Cicero
+5.1%
Cicero Township
+5.1%

Housing Supply in Berwyn Township, IL

How many homes are available in Berwyn Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
146178+21.9%

Summary: The Berwyn Township real estate market had 178 homes for sale in October 2024, a 21.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 3534
-2.9%
3 5157
+11.8%
4 3849
+28.9%
5+ 1934
+78.9%

Summary: The Berwyn Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes increased by 78.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3137+19.4%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berwyn Township, you could pay more than the asking price. 45.9% of homes here sold above asking price last month.

Summary: A total of 37 homes were sold or pending in Berwyn Township in October 2024, up by 19.4% month-over-month. Of the 37 sold homes, 43% were sold under asking, 11% were sold at asking, and 46% 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

Oct 2023Oct 2024CHANGE
23 Days28 Days+18.0%

Summary: Homes in Berwyn Township had an average of 28 days on market in Oct 2024, up by 18% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 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 October 2024, 37 homes were sold in Berwyn Township; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% 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 20 Days Ago

Newest Listings in Berwyn Township, IL

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