The average sale price for a home in Berwyn, IL in March ’16 is 172,000, up 11% from last year. The average time a home stays on the market was 84 days, which is close to 3 months. This indicates that homes are selling quickly, and that there is good demand for homes in the area.
The number of homes up for a traditional sale in Berwyn (not a foreclosure or a short sale) was 113, which is up from the 107 homes that were up for sale at the beginning of the year in January. There was also a good mixture of homes, with 21 homes with 2 bedrooms on the market, 50 homes with 3 bedrooms, and 38 homes with 4 or more bedrooms on the market. With a good supply of homes, a good demand of homes, and increasing prices, this makes Berwyn a hot market for real estate, with lots of options for buyers from first time home buyers to home owners looking to go for a larger home.
Any questions about buying or selling a home in Berwyn, IL? Feel free to contact me!