Is Bridgeview, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bridgeview has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $115K | N/A |
2 Bedrooms | $146K | $219K | +50.1% |
3 Bedrooms | $264.3K | $277.2K | +4.9% |
4 Bedrooms | $264.7K | $277.9K | +5.0% |
5+ Bedrooms | $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 | $265K | $316K | +19.2% |
Justice | $245K | $270K | +10.2% |
Bridgeview | $250K | $274K | +9.6% |
Burbank | $275K | $290.8K | +5.8% |
Housing Supply in Bridgeview, IL
How many homes are available in Bridgeview, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 26 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 11 | 10 | -9.1% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 4 | 3 | -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 2024 | May 2024 | CHANGE |
---|---|---|
10 | 8 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 19 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
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.