Is Broadview, 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, Broadview has remained a Seller's Market.
Housing Prices in Broadview, IL
How much do homes in Broadview, IL cost?
Median Sold Price
$256,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Broadview was $256,000 in May 2024, up 4.5% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $57.7K | $65K | +12.6% |
2 Bedrooms | $225K | $230K | +2.2% |
3 Bedrooms | $245K | $267K | +9.0% |
4 Bedrooms | $285.5K | $306.5K | +7.4% |
5+ Bedrooms | $379.9K | $410K | +7.9% |
Summary: Broadview housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Cities
North Riverside | $303.2K | $329K | +8.5% |
Proviso Township | $284.2K | $299.9K | +5.5% |
Broadview | $245K | $256K | +4.5% |
Maywood | $235K | $245K | +4.3% |
Housing Supply in Broadview, IL
How many homes are available in Broadview, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 23 | -4.2% |
Summary: The Broadview real estate market had 23 homes for sale in May 2024, a 4.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Broadview housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Broadview in May 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Broadview, IL
How long does it take to sell a home in Broadview, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
159 Days | 20 Days | -87.3% |
Summary: Homes in Broadview had an average of 20 days on market in May 2024, down by 87.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Broadview; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.