Is Alsip, IL 60803 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Alsip is a seller’s market. With about 2.9 months of supply and 45% 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.

Competition score60/ 100

More competitive than 63% of U.S. ZIP codes, and #297 of 464 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply2.9Under 4 months = seller’s market
Sold above original list45.3%Share of sales, last 3 months
Median sale-to-list98.7%Sold price ÷ list price
Median days on market50Listing to accepted offer
Median price per sq ft$202▲ +1.0% vs. last year

The Alsip housing market right now

In the three months ending August 31, 2026, 45% of homes in Alsip, IL 60803 sold above their list price, the typical home went under contract in 50 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 66 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 26%, homes sold faster (56 days then) and the median sale price fell 5% to $271,383. Overall, Alsip is more competitive than a year ago, so tougher for buyers.

Within Cook County, homes here sell more slowly than in 51% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Alsip ranks #297 of 464 IL ZIP codes with enough sales (score 60 out of 100).

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) and Berkeley 60163 (75% sold over asking) are even more competitive.

Nearby markets

Arlington Heights 60004Seller’s market $280 /sq ftArlington Heights 60005Seller’s market $261 /sq ftBarrington 60010Seller’s market $255 /sq ftBellwood 60104Seller’s market $219 /sq ft Browse all markets →

Where Alsip is

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Questions about Alsip real estate

Is Alsip a buyer’s or seller’s market?

A seller’s market: there were 2.9 months of supply in Alsip, IL 60803 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 Alsip?

The typical home went under contract in 50 days in the latest three months.

Do homes in Alsip sell over asking?

45% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.

What are property taxes in Alsip?

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 Alsip?

The median sale price was $271,383 in the three months ending August 31, 2026, about $202 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