Is Brighton Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Brighton Park was a Neutral Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $83.9K | N/A |
2 Bedrooms | $220K | $180K | -18.2% |
3 Bedrooms | $267.5K | $312.9K | +17.0% |
4 Bedrooms | $277.5K | $270K | -2.7% |
5+ Bedrooms | $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 | $292K | $310K | +6.2% |
Garage Park | $255K | $269.4K | +5.7% |
Southwest Side | $250K | $260.4K | +4.1% |
Little Village | $270K | $271K | 0.4% |
McKinley Park | $342.5K | $302.5K | -11.7% |
Housing Supply in Brighton Park, IL
How many homes are available in Brighton Park, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 58 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 15 | 16 | +6.7% |
4 Bedrooms | 14 | 18 | +28.6% |
5+ Bedrooms | 19 | 23 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 12 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 41 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
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.