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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Braceville Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Braceville Township, IL

How much do homes in Braceville Township, IL cost?

Median Sold Price

$237,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$27,100(+12.9%)

Key Takeaway

Homes in Braceville Township have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in Braceville Township was $237,000 in March 2024, up 12.9% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$75K
N/A
2 $160K$210K
+31.3%
3 $210K$217.2K
+3.5%
4 $315K$358.5K
+13.8%
5+ $230K$347.5K
+51.1%

Summary: Braceville Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 51.1%.

Median Sold Price Compared To Nearby Cities

Coal City
+29.0%
Braceville Township
+12.9%
Reed Township
+11.7%

Housing Supply in Braceville Township, IL

How many homes are available in Braceville Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2221-4.5%

Summary: The Braceville Township real estate market had 21 homes for sale in March 2024, a 4.5% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1314
+7.7%
4 32
-33.3%
5+ 21
-50.0%

Summary: The Braceville Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Braceville Township, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Braceville Township in March 2024, up by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.

Days on Market for Braceville Township, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
60 Days21 Days-63.9%

Summary: Homes in Braceville Township had an average of 21 days on market in Mar 2024, down by 63.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 8 homes were sold in Braceville Township; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% 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 23 Days Ago

Newest Listings in Braceville Township, IL

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