Is Brighton, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Brighton has remained a Seller's Market.
Key Takeaway
Brighton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brighton, IL
How much do homes in Brighton, IL cost?
Median Sold Price
$179,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brighton have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Brighton was $179,000 in May 2024, up 11.9% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $69K | $168K | +143.5% |
| 2 Bedrooms | $132K | $120K | -9.1% |
| 3 Bedrooms | $156.7K | $167K | +6.5% |
| 4 Bedrooms | $311.1K | $277.4K | -10.8% |
| 5+ Bedrooms | $565K | $328.5K | -41.9% |
Summary: Brighton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 143.5%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 41.9%.
Median Sold Price Compared To Nearby Cities
| Brighton Township | $157.2K | $190K | +20.8% |
| Brighton | $153K | $183K | +19.6% |
| Brighton | $160K | $179K | +11.9% |
| Piasa Township | $205K | $210.1K | +2.5% |
Housing Supply in Brighton, IL
How many homes are available in Brighton, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Summary: The Brighton real estate market had 20 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Brighton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Brighton, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Brighton in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Brighton, IL
How long does it take to sell a home in Brighton, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 53 Days | +27.1% |
Summary: Homes in Brighton had an average of 53 days on market in May 2024, up by 27.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Brighton has remained consistent over time.
Summary: During May 2024, 7 homes were sold in Brighton; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.