Berwyn IL Real Estate Market Report, week of December 22, 2014
12 homes sold in Berwyn IL
There were 8 single family homes, 1 condo, and 3 multi-family properties that sold this past week in Berwyn IL. The average sales price for the single family homes sold this week was $166,925. The average time on the market was 47 days.
Because these statistics are only for one week and for all of Berwyn, it may not tell you what is possible for a specific home. These are just the general market statistics of what happened in the last week in Berwyn IL real estate.
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Least expensive home reported sold in Berwyn IL
The least expensive home reported sold this past week in Berwyn was a 3 bedroom, 1.5 bath American Foursquare home in the 1300 block of Scoville Ave. It sold for $94,500 as a foreclosure in 43 days on the market for just less than asking price.
It was sold as-is, and the interior pictures show that the home is in need of updates throughout. These cash buyers seem to have gotten a great deal for much less than the average selling price for the neighborhood!
Most expensive home reported sold in Berwyn IL
The most expensive home reported sold this past week in Berwyn was a 3 bedroom, 2.5 bath brick bungalow with a complete 2nd floor addition on the 3500 block of Elmwood Ave. This professionally rehabbed home was upgraded throughout. It sold for $325,000, just over asking price, in just 9 days on the market.
Sold Deal Of The Week in Berwyn IL
In my opinion, the best deal of the homes sold this past week in Berwyn was a brick 3-flat in the 1800 block of Maple Ave, in Berwyn's "Gold Coast". It had a two 2BR units and a garden level 1BR unit, natural woodwork and built-ins, and gorgeous kitchens & baths. It sold for $290,000 with seller contributing to buyer's closing costs, after 30 days on the market. See available Berwyn investment & multi-family properties here!
Foreclosures & Short Sales in Berwyn IL
6 of the homes sold this past week in Oak Park were foreclosures, and none were short sales.
Today there are 23 foreclosed homes for sale in Berwyn IL and 24 homes listed as a short sale in Berwyn IL.
Inventory & Absorption Rate in Berwyn IL
Today there are 147 single family homes for sale in Berwyn IL. If homes in Berwyn continue to sell at the same pace and no more homes hit the market, it will take 4 months to sell all the available homes. This statistic is for all homes in Berwyn and based only on this month's activity. Most people consider a housing market healthy if there is a less than 6 months' supply of inventory, so we're in what is considered a Seller's Market.
New Listings in Berwyn IL
There were 11 new properties (8 single family homes and 3 multi-family properties) to hit the MLS this week in Berwyn IL. See all listings here!
This Week's Hot New Listing in Berwyn IL
The best deal in my opinion of this week's new listings in Berwyn is a completely renovated 3BR, 1.5BA brick Tudor home in the 1600 block of Cuyler Ave. It sits on a 30x126 foot lot and has a new kitchen & baths, refinished hardwood floors, and nice finishes. And the best part... It's priced at only $229,000! See all pics & details here!
Looking Forward...
4 multi-family and 12 single family homes were reported as going Under Contract (contingent/pending) this past week in Berwyn IL... Not too bad for the holiday season! Currently there are 15 condos, 31 multi-family properties, and 91 single family homes in total that are Under Contract in Berwyn.
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The Fine Print: This report covers what happened for the week ending December 22, 2014 based on info from the MRED LLC multiple listing service (MLS). As always, there may have been more closings that may not have been reported to MRED as of today's posting as well as other closings that took place outside of the MLS. All data has been compiled from the MRED MLS by Laurie Christofano, Realtor with The Pych Team @ RE/MAX In The Village.
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