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Featured local agent — Alsip, IL
Sarah Mitchell
Compass Real Estate · Alsip, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Alsip, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$304,000median sale price
How is the Alsip, IL housing market right now?
The median home sale price in Alsip, IL is $304,000, up 44.8% year-over-year. Homes sell in an average of 56 days with 53 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Alsip a buyer's or seller's market?
Alsip, IL is currently a balanced market, based on 3.5 months of supply and homes selling in about 56 days. How we determine this →
Homes sold
15
Last 12 weeks
Days on market
56
Average pace
Active listings
53
3.5 months supply
Sale-to-list
101.0%
Above asking
What does the Alsip housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $304,000 |
| Median list price | $327,000 |
| Year-over-year price change | +44.8% |
| Average days on market | 56 days |
| Active inventory | 53 listings |
| Months of supply | 3.5 months |
| Sale-to-list price ratio | 101.0% |
| Median price per sq ft | $217/sq ft |
| Homes sold (latest month) | 15 |
| New listings (latest month) | 22 |
| Listings with a price cut | 15.1% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Alsip by property type?
How the Alsip, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $321,000 | $218/sq ft | 11 | 49 days |
| Condo / Co-op | $187,000 | $206/sq ft | 4 | 63 days |
| Townhouse | $267,500 | $192/sq ft | 1 | 166 days |
Source: Redfin · Updated monthly
The Alsip housing market is currently classified as a balanced market with a median sale price of $304,000. Prices have risen 44.8% compared to last year, with homes spending an average of 56 days on market, indicating 3.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.0x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Alsip
There are currently 53 homes listed for sale in Alsip, Illinois. The median listing price is $327K.
Active listings
53
Homes on market
Median list price
$327K
Avg. days on market
56
Days until sale
New this week
22
Newly listed
Who lives in Alsip?
Population
18,650
Median income
$67,557/yr
Median age
39.5 years
Owner-occupied
65.2%
College grads
21.3%
Avg commute
29.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Alsip?
Zillow home value
$271,041
Zillow rent index
$1,518/mo
Price-to-rent ratio
14.9x
Price-to-income
4.0x
Source: Zillow Research
What is it like to live in Alsip?
Alsip is a community of approximately 19K residents with a median age of 39.5 years.The median household income is $67,557, which represents a working-class community with solid middle-income opportunities. 21.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 65.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Alsip offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Alsip?
7 schools tracked · 2,009 students
The largest public schools serving Alsip, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Stony Creek Elem School
Grades K-6 · 602 students
Prairie Jr High School
Grades 7-8 · 336 students
Hazelgreen Elem School
Grades K-6 · 291 students
George Washington Elementary Sch
Grades K-5 · 244 students
Lane Elem School
Grades K-6 · 226 students
Hamlin Upper Grade Center
Grades 6-8 · 193 students
District 126 Early Childhood Ctr
Grades PK · 117 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Alsip, IL?
Want a head-to-head view? Compare Alsip side-by-side with any other U.S. city using our market-comparison tool.
Is Alsip a good real estate investment market?
For investors evaluating Alsip, the price-to-rent ratio of 14.9x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 44.8% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Alsip's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Alsip's median home price.
Frequently asked questions
What is the average home price in Alsip?
The median home sale price in Alsip is $304,000, up 44.8% from last year.
How long do homes stay on market in Alsip?
Homes typically spend 56 days on market before going under contract.
What is the median income in Alsip?
The median household income is $67,557 per year.
Is Alsip a buyer's or seller's market?
With 3.5 months of supply, Alsip is currently a balanced market.
What is the Zillow home value estimate for Alsip?
The Zillow Home Value Index (ZHVI) for Alsip is $271,041, representing the typical home value in the area.
What is the median condo price in Alsip?
The median condo/co-op sale price in Alsip, IL is $187,000, compared to $321,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Alsip?
The median single-family home price in Alsip, IL is $321,000 (about $218 per square foot).
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