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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bradley Township is a buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Bradley Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Bradley Township, IL

How much do homes in Bradley Township, IL cost?

Median Sold Price

$168,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$1,200(-0.7%)

Key Takeaway

Homes in Bradley Township have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in Bradley Township was $168,000 in September 2024, down 0.7% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $41.6K$65K
+56.1%
2 $128.5K$148.9K
+15.9%
3 $175.5K$179.2K
+2.1%
4 $210K$197.5K
-5.9%
5+ -$392.5K
N/A

Summary: Bradley Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.1%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes did not change.

Housing Supply in Bradley Township, IL

How many homes are available in Bradley Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5545-18.2%

Summary: The Bradley Township real estate market had 45 homes for sale in September 2024, a 18.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 112
-81.8%
3 2930
+3.4%
4 1310
-23.1%
5+ 22
0.0%

Summary: The Bradley Township 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 81.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
275-81.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bradley Township, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Bradley Township in September 2024, down by 81.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.

Days on Market for Bradley Township, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
17 Days9 Days-46.2%

Summary: Homes in Bradley Township had an average of 9 days on market in Sep 2024, down by 46.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 5 homes were sold in Bradley Township; 100% of homes were sold within 30 days, 0% 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 Sep 1, 2024

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