Is Braceville Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Braceville Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $75K | N/A |
2 Bedrooms | $160K | $210K | +31.3% |
3 Bedrooms | $210K | $217.2K | +3.5% |
4 Bedrooms | $315K | $358.5K | +13.8% |
5+ Bedrooms | $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 | $209.9K | $270.7K | +29.0% |
Braceville Township | $209.9K | $237K | +12.9% |
Reed Township | $196K | $219K | +11.7% |
Housing Supply in Braceville Township, IL
How many homes are available in Braceville Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 21 | -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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 2 | 1 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 8 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 21 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
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.