Altos Market Data for Realtors

Berwyn, IL

Single-Family Homes

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Berwyn, IL

Tue Sep 21 2021
This week the median list price for Berwyn, IL is $299,900 with the market action index hovering around 51. This is less than last month's market action index of 53. Inventory has decreased to 77. Click here to stay informed with the Berwyn market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Berwyn, IL

Tue Sep 21 2021
This week the median list price for Berwyn, IL is $299,900 with the market action index hovering around 51. This is less than last month's market action index of 53. Inventory has decreased to 77. Click here to stay informed with the Berwyn market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Berwyn market.
Median List Price $299,900
Median Price of New Listings $259,500
Per Square Foot $194
Average Days on Market 63
Median Days on Market 49
Price Decreased 40%
Price Increased 1%
Relisted 31%
Inventory 77
Median Rent $2,500
Market Action 51
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$439,000 2,488 4,500 - 6,500 sqft 4 3 103 1 1 56
$344,900 1,709 0 - 4,500 sqft 4 2 96 2 2 28
$274,900 1,434 0 - 4,500 sqft 3 2 96 3 5 49
$237,450 1,161 0 - 4,500 sqft 3 1 96 6 6 45