Is Braceville, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Braceville is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Braceville has remained a Seller's Market.

Key Takeaway

Braceville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Braceville, IL

How much do homes in Braceville, IL cost?

Median Sold Price

$295,000

$140/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$100,000(+51.3%)

Key Takeaway

Homes in Braceville have sold for 51.3% more than they did a month ago.

Summary: The median home sold price in Braceville was $295,000 in May 2024, up 51.3% from last month, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $220K-
N/A
3 $162.5K-
N/A
4 --
N/A
5+ -$295K
N/A

Summary: Braceville housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Braceville, IL

How many homes are available in Braceville, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
63-50.0%

Summary: The Braceville real estate market had 3 homes for sale in May 2024, a 50.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 42
-50.0%
4 00
0.0%
5+ 11
0.0%

Summary: The Braceville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Braceville, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Braceville in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Braceville, IL

How long does it take to sell a home in Braceville, IL?

Average Sale Time

Apr 2024May 2024CHANGE
6 Days10 Days+57.9%

Summary: Homes in Braceville had an average of 10 days on market in May 2024, up by 57.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Braceville are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 1 homes were sold in Braceville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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