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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Braidwood is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Braidwood, IL

How much do homes in Braidwood, IL cost?

Median Sold Price

$220,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$26,000(+13.4%)

Key Takeaway

Homes in Braidwood have sold for 13.4% more than they did a year ago.

Summary: The median home sold price in Braidwood was $220,000 in March 2024, up 13.4% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $97.4K$105K
+7.7%
2 $155K$190K
+22.6%
3 $224.9K$250K
+11.2%
4 $283.9K$304.9K
+7.4%
5+ $42.5K$385K
+805.9%

Summary: Braidwood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 805.9%.

Median Sold Price Compared To Nearby Cities

Braidwood
+13.4%
Reed Township
+11.7%
Wilmington Township
-4.3%

Housing Supply in Braidwood, IL

How many homes are available in Braidwood, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3843+13.2%

Summary: The Braidwood real estate market had 43 homes for sale in March 2024, a 13.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 912
+33.3%
2 54
-20.0%
3 1619
+18.8%
4 78
+14.3%
5+ 10
-100.0%

Summary: The Braidwood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
915+66.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Braidwood, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Braidwood in March 2024, up by 66.7% month-over-month. Of the 15 sold homes, 60% were sold under asking, 33% were sold at asking, and 7% were sold over asking.

Days on Market for Braidwood, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
32 Days66 Days+107.7%

Summary: Homes in Braidwood had an average of 66 days on market in Mar 2024, up by 107.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 15 homes were sold in Braidwood; 47% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% 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 25 Days Ago

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