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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brighton Park is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Brighton Park was a Neutral Market.

Key Takeaway

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

Housing Prices in Brighton Park, IL

How much do homes in Brighton Park, IL cost?

Median Sold Price

$310,000

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$18,000(+6.2%)

Key Takeaway

Homes in Brighton Park have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Brighton Park was $310,000 in April 2024, up 6.2% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$83.9K
N/A
2 $220K$180K
-18.2%
3 $267.5K$312.9K
+17.0%
4 $277.5K$270K
-2.7%
5+ $320K$340K
+6.3%

Summary: Brighton Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 17%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 6.3%.

Median Sold Price Compared To Nearby Neighborhoods

Brighton Park
+6.2%
Garage Park
+5.7%
Southwest Side
+4.1%
Little Village
0.4%
McKinley Park
-11.7%

Housing Supply in Brighton Park, IL

How many homes are available in Brighton Park, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4958+18.4%

Summary: The Brighton Park real estate market had 58 homes for sale in April 2024, a 18.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1516
+6.7%
4 1418
+28.6%
5+ 1923
+21.1%

Summary: The Brighton Park housing inventory by bedroom type for April 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 6.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 21.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1312-7.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brighton Park, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Brighton Park in April 2024, down by 7.7% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.

Days on Market for Brighton Park, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
40 Days41 Days+0.5%

Summary: Homes in Brighton Park had an average of 41 days on market in Apr 2024, up by 0.5% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 12 homes were sold in Brighton Park; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% 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 1 Day Ago

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