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 May 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

$227,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$24,000(+11.8%)

Key Takeaway

Homes in Braidwood have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in Braidwood was $227,000 in May 2024, up 11.8% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $97K$112.5K
+16.0%
2 $157.5K$186.4K
+18.4%
3 $228.5K$250K
+9.4%
4 $297.7K$300K
+0.8%
5+ $385K$385K
0.0%

Summary: Braidwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Braidwood
+11.8%
Reed Township
+10.1%
Wilmington Township
+3.6%
Diamond
-3.8%

Housing Supply in Braidwood, IL

How many homes are available in Braidwood, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3640+11.1%

Summary: The Braidwood real estate market had 40 homes for sale in May 2024, a 11.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 99
0.0%
2 46
+50.0%
3 1919
0.0%
4 46
+50.0%
5+ 00
0.0%

Summary: The Braidwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
812+50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Braidwood, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Braidwood in May 2024, up by 50.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% 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

May 2023May 2024CHANGE
25 Days24 Days-5.0%

Summary: Homes in Braidwood had an average of 24 days on market in May 2024, down by 5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

6 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 May 2024, 12 homes were sold in Braidwood; 50% of homes were sold within 30 days, 50% 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 1 Day Ago

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