Is Berkeley, IL 60163 a buyer’s or seller’s market?
Berkeley is a seller’s market. With about 2.9 months of supply and 75% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Berkeley housing market right now
In the three months ending August 31, 2026, 75% of homes in Berkeley, IL 60163 sold above their list price, the typical home went under contract in 67 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 57%, homes sold faster (72 days then) and the median sale price rose 11% to $339,928. Overall, Berkeley is more competitive than a year ago, so tougher for buyers.
Within Cook County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell more often over asking than in 99%.
Nearby, buyers who want less competition could look at Thornton 60476 (14% sold over asking) or Chicago 60604 (17% sold over asking), while Golf 60029 (100% sold over asking) is even more competitive.
Run the numbers for 60163
Nearby markets
Alsip 60803Seller’s market $202 /sq ftArlington Heights 60004Seller’s market $280 /sq ftArlington Heights 60005Seller’s market $261 /sq ftBarrington 60010Seller’s market $255 /sq ft Browse all markets →Towns like Berkeley nearby
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Questions about Berkeley real estate
Is Berkeley a buyer’s or seller’s market?
A seller’s market: there were 2.9 months of supply in Berkeley, IL 60163 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Berkeley?
The typical home went under contract in 67 days in the latest three months.
Do homes in Berkeley sell over asking?
75% of homes sold above their original list price, and the typical sale closed at 101.8% of the list price.
What are property taxes in Berkeley?
About 1.91% of a home’s value a year in Cook County, or roughly $7,640 on a $400,000 home.
What is the median home price in Berkeley?
The median sale price was $339,928 in the three months ending August 31, 2026, about $261 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology