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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broadview is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Broadview was a Seller's Market.

Key Takeaway

Broadview is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Broadview, IL

How much do homes in Broadview, IL cost?

Median Sold Price

$263,000

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$18,250(+7.5%)

Key Takeaway

Homes in Broadview have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Broadview was $263,000 in September 2024, up 7.5% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $46.5K$85.5K
+83.9%
2 $220K$254.5K
+15.7%
3 $266.5K$273K
+2.4%
4 $287K$342.9K
+19.5%
5+ $379.9K$419.5K
+10.4%

Summary: Broadview housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.9%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 10.4%.

Median Sold Price Compared To Nearby Cities

Proviso Township
+8.5%
Broadview
+7.5%
North Riverside
+3.7%
Maywood
+2.1%

Housing Supply in Broadview, IL

How many homes are available in Broadview, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2118-14.3%

Summary: The Broadview real estate market had 18 homes for sale in September 2024, a 14.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 43
-25.0%
2 33
0.0%
3 118
-27.3%
4 02
+100.0%
5+ 32
-33.3%

Summary: The Broadview housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broadview, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Broadview in September 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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

Sep 2023Sep 2024CHANGE
12 Days75 Days+513.2%

Summary: Homes in Broadview had an average of 75 days on market in Sep 2024, up by 513.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 3 homes were sold in Broadview; 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 22 Days Ago

Newest Listings in Broadview, IL

Nearby Markets to Broadview, IL

What housing markets are near Broadview, IL?