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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bridgeport is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Bridgeport, IL

How much do homes in Bridgeport, IL cost?

Median Sold Price

$465,000

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$10,000(+2.2%)

Key Takeaway

Homes in Bridgeport have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Bridgeport was $465,000 in April 2024, up 2.2% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $215K$238.5K
+10.9%
2 $290K$270K
-6.9%
3 $505K$492K
-2.6%
4 $470K$532K
+13.2%
5+ $510K$500K
-2.0%

Summary: Bridgeport housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 2%.

Median Sold Price Compared To Nearby Neighborhoods

Armour Square
+42.5%
Bridgeport
+2.2%
Lower West Side / Pilsen
-4.8%
McKinley Park
-11.7%

Housing Supply in Bridgeport, IL

How many homes are available in Bridgeport, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6988+27.5%

Summary: The Bridgeport real estate market had 88 homes for sale in April 2024, a 27.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 36
+100.0%
2 812
+50.0%
3 2735
+29.6%
4 1113
+18.2%
5+ 2022
+10.0%

Summary: The Bridgeport housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 29.6%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1016+60.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bridgeport, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.

Summary: A total of 16 homes were sold or pending in Bridgeport in April 2024, up by 60.0% month-over-month. Of the 16 sold homes, 38% were sold under asking, 44% were sold at asking, and 19% were sold over asking.

Days on Market for Bridgeport, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
38 Days29 Days-23.8%

Summary: Homes in Bridgeport had an average of 29 days on market in Apr 2024, down by 23.8% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 16 homes were sold in Bridgeport; 81% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 13% 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 5 Days Ago

Newest Listings in Bridgeport, IL

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