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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broadview is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Broadview, IL

How much do homes in Broadview, IL cost?

Median Sold Price

$248,500

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$3,500(+1.4%)

Key Takeaway

Homes in Broadview have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Broadview was $248,500 in March 2024, up 1.4% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $57.7K$65K
+12.6%
2 $230K$230K
0.0%
3 $245K$263K
+7.3%
4 $252K$287K
+13.9%
5+ $379.9K$410K
+7.9%

Summary: Broadview housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 7.9%.

Median Sold Price Compared To Nearby Cities

North Riverside
+9.7%
Proviso Township
+1.8%
Broadview
+1.4%
Maywood
0.0%

Housing Supply in Broadview, IL

How many homes are available in Broadview, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2627+3.8%

Summary: The Broadview real estate market had 27 homes for sale in March 2024, a 3.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 1112
+9.1%
3 1312
-7.7%
4 11
0.0%
5+ 00
0.0%

Summary: The Broadview housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

3 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 Broadview, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Broadview in March 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.

Days on Market for Broadview, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
56 Days88 Days+58.2%

Summary: Homes in Broadview had an average of 88 days on market in Mar 2024, up by 58.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Broadview has remained consistent over time.

Summary: During March 2024, 7 homes were sold in Broadview; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% 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 19 Days Ago

Newest Listings in Broadview, IL

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