Is Broadview, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Broadview has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $57.7K | $65K | +12.6% |
2 Bedrooms | $230K | $230K | 0.0% |
3 Bedrooms | $245K | $263K | +7.3% |
4 Bedrooms | $252K | $287K | +13.9% |
5+ Bedrooms | $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 | $300.2K | $329.5K | +9.7% |
Proviso Township | $285K | $290K | +1.8% |
Broadview | $245K | $248.5K | +1.4% |
Maywood | $245K | $245K | 0.0% |
Housing Supply in Broadview, IL
How many homes are available in Broadview, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 27 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 7 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 88 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
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.