Is Alsip, 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, Alsip has remained a Seller's Market.
Housing Prices in Alsip, IL
How much do homes in Alsip, IL cost?
Median Sold Price
$240,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Alsip was $240,000 in April 2024, up 6.5% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75.9K | $77.5K | +2.1% |
2 Bedrooms | $138.9K | $146K | +5.1% |
3 Bedrooms | $247.5K | $268.4K | +8.5% |
4 Bedrooms | $280K | $299.9K | +7.1% |
5+ Bedrooms | $291K | $306.2K | +5.2% |
Summary: Alsip housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
Merrionette Park | $185.5K | $207.5K | +11.9% |
Worth Township | $231.3K | $246.5K | +6.6% |
Alsip | $225.4K | $240K | +6.5% |
Oak Lawn | $245K | $254.3K | +3.8% |
Blue Island | $199.9K | $193.4K | -3.2% |
Housing Supply in Alsip, IL
How many homes are available in Alsip, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 58 | +18.4% |
Summary: The Alsip real estate market had 58 homes for sale in April 2024, a 18.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 14 | 18 | +28.6% |
3 Bedrooms | 24 | 21 | -12.5% |
4 Bedrooms | 6 | 13 | +116.7% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Alsip housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 116.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 16 | +23.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Alsip in April 2024, up by 23.1% month-over-month. Of the 16 sold homes, 25% were sold under asking, 19% were sold at asking, and 56% were sold over asking.
Days on Market for Alsip, IL
How long does it take to sell a home in Alsip, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 44 Days | +13.1% |
Summary: Homes in Alsip had an average of 44 days on market in Apr 2024, up by 13.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Alsip; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.