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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brighton is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Brighton was a Seller's Market.

Key Takeaway

Brighton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Brighton, IL

How much do homes in Brighton, IL cost?

Median Sold Price

$176,500

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$6,500(+3.8%)

Key Takeaway

Homes in Brighton have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Brighton was $176,500 in September 2024, up 3.8% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $69K$168K
+143.5%
2 $118.5K$160K
+35.0%
3 $162.5K$162K
-0.3%
4 $285K$269.9K
-5.3%
5+ $518K$255K
-50.8%

Summary: Brighton housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 143.5%, 2 bedroom homes increased by 35%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 50.8%.

Median Sold Price Compared To Nearby Cities

Piasa Township
+31.5%
Brighton
+5.3%
Brighton
+3.8%
Brighton Township
0.3%

Housing Supply in Brighton, IL

How many homes are available in Brighton, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1720+17.6%

Summary: The Brighton real estate market had 20 homes for sale in September 2024, a 17.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 89
+12.5%
4 66
0.0%
5+ 01
+100.0%

Summary: The Brighton housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was 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 Brighton, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Brighton in September 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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

Sep 2023Sep 2024CHANGE
62 Days60 Days-3.3%

Summary: Homes in Brighton had an average of 60 days on market in Sep 2024, down by 3.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 3 homes were sold in Brighton; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 30 Days Ago

Newest Listings in Brighton, IL

Nearby Markets to Brighton, IL

What housing markets are near Brighton, IL?