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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brighton is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Brighton, IL

How much do homes in Brighton, IL cost?

Median Sold Price

$175,500

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$16,500(-8.6%)

Key Takeaway

Homes in Brighton have sold for 8.6% less than they did a year ago.

Summary: The median home sold price in Brighton was $175,500 in October 2024, down 8.6% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $69K$168K
+143.5%
2 $118.5K$160K
+35.0%
3 $196K$160K
-18.4%
4 $332.5K$292.4K
-12.0%
5+ $518K$255K
-50.8%

Summary: Brighton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 143.5%, 2 bedroom homes increased by 35%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 50.8%.

Median Sold Price Compared To Nearby Cities

Piasa Township
+15.9%
Brighton
-4.2%
Brighton
-8.6%
Brighton Township
-11.0%

Housing Supply in Brighton, IL

How many homes are available in Brighton, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1720+17.6%

Summary: The Brighton real estate market had 20 homes for sale in October 2024, a 17.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 710
+42.9%
4 55
0.0%
5+ 11
0.0%

Summary: The Brighton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brighton, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Brighton in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Brighton, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days52 Days+88.6%

Summary: Homes in Brighton had an average of 52 days on market in Oct 2024, up by 88.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 6 homes were sold in Brighton; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 12 Days Ago

Newest Listings in Brighton, IL

Nearby Markets to Brighton, IL

What housing markets are near Brighton, IL?