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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bradley is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Bradley was a Seller's Market.

Key Takeaway

Bradley is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Bradley, IL

How much do homes in Bradley, IL cost?

Median Sold Price

$185,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$10,000(+5.7%)

Key Takeaway

Homes in Bradley have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Bradley was $185,000 in September 2024, up 5.7% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $140K$65K
-53.6%
2 $134.6K$152.5K
+13.3%
3 $182.2K$202K
+10.9%
4 $210K$240K
+14.3%
5+ $137.5K$330K
+140.0%

Summary: Bradley housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.6%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 140%.

Median Sold Price Compared To Nearby Cities

Manteno Township
+14.0%
Kankakee
+11.0%
Bourbonnais Township
+10.0%
Bourbonnais
+6.7%
Bradley
+5.7%

Housing Supply in Bradley, IL

How many homes are available in Bradley, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
6055-8.3%

Summary: The Bradley real estate market had 55 homes for sale in September 2024, a 8.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 12
+100.0%
2 93
-66.7%
3 3635
-2.8%
4 1313
0.0%
5+ 12
+100.0%

Summary: The Bradley housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
299-69.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bradley, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Bradley in September 2024, down by 69.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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

Sep 2023Sep 2024CHANGE
15 Days18 Days+25.2%

Summary: Homes in Bradley had an average of 18 days on market in Sep 2024, up by 25.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 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 September 2024, 9 homes were sold in Bradley; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

Newest Listings in Bradley, IL

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