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 November 2021

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.

How much do homes in Broadview, IL cost?

Median Sold Price

$242,500

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

-$4,500(-1.8%)

Key Takeaway

Homes in Broadview have sold for 1.8% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $63.5K$68.5K
+7.8%
2 $205K$240K
+17.1%
3 $259.9K$240K
-7.7%
4 $258.1K$275K
+6.5%
5+ $296.5K$380K
+28.2%

Median Sold Price Compared To Nearby Cities

Proviso Township
+7.3%
North Riverside
+7.1%
Maywood
+5.3%
Broadview
-1.8%

How many homes are available in Broadview, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
3338+15.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 1112
+9.1%
3 1621
+31.3%
4 22
0.0%
5+ 43
-25.0%

Number of Homes Sold

Oct 2022Nov 2022%
56+20.0%

Asking Price vs. Sold Price

4 Homes Were 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 may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
24 Days10 Days-57.6%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Broadview, IL

Number of homes for sale in Broadview, IL real estate market have reached 38. The number of listings in Broadview, IL increased by 15.2% between October 2022 and November 2022. Listings spent 10 days on the market in November 2022, and had a median list price of $242,500 during the same period. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties increased by 7.8%, prices of 2 bedrooms properties went up by 17.1%, 3 bedrooms properties became 7.7% more cheaper, prices of 4 bedrooms properties went up by 6.5%, the cost of 5 bedrooms properties went up by 28.2%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory increased by 9.1%, 3 bedrooms homes became 31.3% more available, 4 bedrooms homes did not move, 5 bedrooms homes became 25% less available. In November 2022, from all listings sold in Broadview, IL there were more than 2 sold above asking price, over 4 sold below and more than 0 were sold right at the asked price.

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