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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bridgeview is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Bridgeview has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Bridgeview, IL

How much do homes in Bridgeview, IL cost?

Median Sold Price

$274,000

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$24,000(+9.6%)

Key Takeaway

Homes in Bridgeview have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Bridgeview was $274,000 in May 2024, up 9.6% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$115K
N/A
2 $146K$219K
+50.1%
3 $264.3K$277.2K
+4.9%
4 $264.7K$277.9K
+5.0%
5+ $306.5K$355.5K
+16.0%

Summary: Bridgeview housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 50.1%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 16%.

Median Sold Price Compared To Nearby Cities

Hickory Hills
+19.2%
Justice
+10.2%
Bridgeview
+9.6%
Burbank
+5.8%

Housing Supply in Bridgeview, IL

How many homes are available in Bridgeview, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2826-7.1%

Summary: The Bridgeview real estate market had 26 homes for sale in May 2024, a 7.1% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 02
+100.0%
2 87
-12.5%
3 1110
-9.1%
4 54
-20.0%
5+ 43
-25.0%

Summary: The Bridgeview housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bridgeview, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Bridgeview in May 2024, down by 20.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.

Days on Market for Bridgeview, IL

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

Average Sale Time

May 2023May 2024CHANGE
26 Days19 Days-29.1%

Summary: Homes in Bridgeview had an average of 19 days on market in May 2024, down by 29.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 8 homes were sold in Bridgeview; 75% of homes were sold within 30 days, 25% 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

Newest Listings in Bridgeview, IL

Nearby Markets to Bridgeview, IL

What housing markets are near Bridgeview, IL?