Is Berwyn, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$324,983
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Berwyn was $324,983 in April 2024, up 9.8% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90.2K | $110K | +21.9% |
2 Bedrooms | $225K | $235.7K | +4.8% |
3 Bedrooms | $295K | $300K | +1.7% |
4 Bedrooms | $329.5K | $366K | +11.1% |
5+ Bedrooms | $373.7K | $417K | +11.6% |
Summary: Berwyn 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 | $296K | $324.9K | +9.8% |
Berwyn Township | $296.3K | $324.9K | +9.7% |
Cicero | $256.4K | $270K | +5.3% |
Cicero Township | $256.4K | $270K | +5.3% |
Stickney | $250K | $262.5K | +5.0% |
Housing Supply in Berwyn, IL
How many homes are available in Berwyn, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
132 | 168 | +27.3% |
Summary: The Berwyn 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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 25 | 29 | +16.0% |
3 Bedrooms | 47 | 62 | +31.9% |
4 Bedrooms | 34 | 44 | +29.4% |
5+ Bedrooms | 22 | 28 | +27.3% |
Summary: The Berwyn 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 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 29 | +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
Summary: A total of 29 homes were sold or pending in Berwyn 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, IL
How long does it take to sell a home in Berwyn, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 30 Days | -12.3% |
Summary: Homes in Berwyn 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
Summary: During April 2024, 29 homes were sold in Berwyn; 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.