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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bradley is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Bradley, IL

How much do homes in Bradley, IL cost?

Median Sold Price

$190,000

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$16,150(+9.3%)

Key Takeaway

Homes in Bradley have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Bradley was $190,000 in April 2024, up 9.3% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $140K$56.2K
-59.8%
2 $130K$149.9K
+15.3%
3 $182.5K$198K
+8.5%
4 $212K$243.7K
+15.0%
5+ $318.5K$475K
+49.1%

Summary: Bradley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.8%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 49.1%.

Median Sold Price Compared To Nearby Cities

Kankakee
+27.7%
Bourbonnais
+14.3%
Bourbonnais Township
+13.6%
Bradley
+9.3%
Manteno Township
+3.0%

Housing Supply in Bradley, IL

How many homes are available in Bradley, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4237-11.9%

Summary: The Bradley real estate market had 37 homes for sale in April 2024, a 11.9% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 20
-100.0%
2 69
+50.0%
3 2422
-8.3%
4 106
-40.0%
5+ 00
0.0%

Summary: The Bradley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
169-43.8%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bradley, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Bradley in April 2024, down by 43.8% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.

Days on Market for Bradley, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
30 Days52 Days+71.4%

Summary: Homes in Bradley had an average of 52 days on market in Apr 2024, up by 71.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 9 homes were sold in Bradley; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% 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 9 Days Ago

Newest Listings in Bradley, IL

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