Market Overview
Home Prices in Berwyn, IL
The median home value in Berwyn, IL is $325,587 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Berwyn are priced21% below average. Berwyn is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Berwyn home values have risen by approximately23.0%, reflecting strong long-term appreciation in this market.
Price History
Berwyn Home Price Trend
City Comparison
Berwyn vs. National Median
At $325,587, homes in Berwyn cost 21% below the national median of $410,000. This makes Berwyn a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Berwyn?
20% Down Payment
$65,117
on $325,587
Monthly P&I
$1,698/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,156/mo
incl. taxes & insurance
Income Needed
$86,240
gross annual (30% rule)
10% Down Option
$32,559
+ PMI applies
Loan Amount (20% dn)
$260,470
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Berwyn, IL?
The median home value in Berwyn is $325,587 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6% year-over-year.
How much have home prices changed in Berwyn?
Over the past year, home values in Berwyn have increased by 6%. Over five years, prices have risen approximately 23.0%.
How much do I need to earn to buy a home in Berwyn?
To comfortably afford the median home price of $325,587 with a 20% down payment ($65,117) at today's rates (6.8%), you'd need a gross annual income of approximately $86,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Berwyn compare to the national average home price?
The national median home value is approximately $410,000. At $325,587, homes in Berwyn are 21% below the national average.
What metro area is Berwyn part of?
Berwyn is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.