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 seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Bradley Township, IL

How much do homes in Bradley Township, IL cost?

Median Sold Price

$185,400

$134/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$10,100(-5.2%)

Key Takeaway

Homes in Bradley Township have sold for 5.2% less than they did a month ago.

Summary: The median home sold price in Bradley Township was $185,400 in March 2024, down 5.2% from last month, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 -$56.2K
N/A
2 $121K$149.9K
+23.9%
3 $207.5K$185K
-10.9%
4 -$214K
N/A
5+ -$600K
N/A

Summary: Bradley Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.9%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes did not change, 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

Feb 2024Mar 2024CHANGE
3432-5.9%

Summary: The Bradley Township real estate market had 32 homes for sale in March 2024, a 5.9% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 65
-16.7%
3 1817
-5.6%
4 77
0.0%
5+ 11
0.0%

Summary: The Bradley 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 decreased by 16.7%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
813+62.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 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. 53.8% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Bradley Township in March 2024, up by 62.5% month-over-month. Of the 13 sold homes, 31% were sold under asking, 15% were sold at asking, and 54% 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

Feb 2024Mar 2024CHANGE
30 Days19 Days-37.5%

Summary: Homes in Bradley Township had an average of 19 days on market in Mar 2024, down by 37.5% compared to last month.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 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 March 2024, 13 homes were sold in Bradley Township; 77% of homes were sold within 30 days, 23% 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 17 Days Ago

Newest Listings in Bradley Township, IL

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