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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Braidwood is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Braidwood, IL

How much do homes in Braidwood, IL cost?

Median Sold Price

$220,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$20,000(+10.0%)

Key Takeaway

Homes in Braidwood have sold for 10% more than they did a year ago.

Summary: The median home sold price in Braidwood was $220,000 in April 2024, up 10% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $95K$110K
+15.8%
2 $165K$178.9K
+8.5%
3 $225K$250K
+11.1%
4 $280K$302.4K
+8.0%
5+ -$385K
N/A

Summary: Braidwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.8%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Braceville
+21.0%
Braidwood
+10.0%
Reed Township
+10.0%
Diamond
+7.2%
Wilmington Township
-1.4%

Housing Supply in Braidwood, IL

How many homes are available in Braidwood, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4137-9.8%

Summary: The Braidwood real estate market had 37 homes for sale in April 2024, a 9.8% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 129
-25.0%
2 55
0.0%
3 1818
0.0%
4 65
-16.7%
5+ 00
0.0%

Summary: The Braidwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
167-56.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Braidwood, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Braidwood in April 2024, down by 56.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.

Days on Market for Braidwood, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
9 Days18 Days+101.4%

Summary: Homes in Braidwood had an average of 18 days on market in Apr 2024, up by 101.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 7 homes were sold in Braidwood; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

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