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Short Sale Listings in Berwyn, IL

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Berwyn, IL Foreclosures

How much do homes sell for in Berwyn, IL?
The average home price is currently $338,839.
In Berwyn, IL, how many homes are available?
There are currently 114 active home listings available in Berwyn.
What’s the average rental cost in Berwyn, IL?
The average rental price in Berwyn is $1,678.
What is the most expensive home in Berwyn?
The most expensive home sold in Berwyn had a price of $11,977,569.
What is currently the cheapest priced home in Berwyn, IL?
The cheapest home for sale in Berwyn is priced at $11,160.

Living in Berwyn, IL

Berwyn, IL, is a dynamic suburb of Chicago characterized by its strong community spirit and a variety of amenities. The area features excellent schools, numerous parks, and a convenient location for commuters. Residents can enjoy a blend of cultural events, shopping, and dining options, making Berwyn a desirable place to call home.

Current Market Conditions in Berwyn, IL

The real estate market in Berwyn remains competitive, with home prices steadily increasing over the past year due to strong demand and low inventory. Buyers are drawn to the community-oriented atmosphere and the proximity to Chicago, which continues to drive interest in the area.

Current trends indicate a growth in interest for multifamily units, as investors recognize the opportunity in Berwyn's developing rental market. With more families seeking affordable housing near urban centers, Berwyn is increasingly appealing to both first-time buyers and seasoned investors.

Home Value Estimator For Berwyn, IL

There are currently 16,806 real estate properties in Berwyn, IL, with a median automated valuation model (AVM) price of $318,922.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Berwyn, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Berwyn, IL, is $338,839.00, with the most expensive house in Berwyn, IL, topping out at $11,977,569.00 and the cheapest home in Berwyn, IL, clocking in at $11,160.00. In other words, there’s something for every potential homebuyer or savvy investor in Berwyn, IL!

Rent Prices In Berwyn, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Berwyn, IL, is on a rollercoaster ride. The average rent price in Berwyn, IL, is $1,678.00. Indeed, when looking to rent in Berwyn, IL, you can expect to pay as little as $790.00 or as much as $3,290.00, with the average rent median estimated to be $1,770.00. The good news is that finding an affordable and desirable property to rent in Berwyn, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Berwyn, IL Short Sale Listings

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