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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bradley is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Bradley, IL

How much do homes in Bradley, IL cost?

Median Sold Price

$185,200

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,200(+5.8%)

Key Takeaway

Homes in Bradley have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Bradley was $185,200 in October 2024, up 5.8% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $140K$65K
-53.6%
2 $136.2K$153.5K
+12.7%
3 $181.9K$206.5K
+13.5%
4 $210K$236.9K
+12.8%
5+ $137.5K$330K
+140.0%

Summary: Bradley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.6%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 140%.

Median Sold Price Compared To Nearby Cities

Bourbonnais
+12.1%
Manteno Township
+11.1%
Kankakee
+10.0%
Bourbonnais Township
+9.1%
Bradley
+5.8%

Housing Supply in Bradley, IL

How many homes are available in Bradley, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5161+19.6%

Summary: The Bradley real estate market had 61 homes for sale in October 2024, a 19.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 36
+100.0%
3 3139
+25.8%
4 1313
0.0%
5+ 21
-50.0%

Summary: The Bradley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 25.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1113+18.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bradley, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Bradley in October 2024, up by 18.2% month-over-month. Of the 13 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.

Days on Market for Bradley, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days20 Days+83.9%

Summary: Homes in Bradley had an average of 20 days on market in Oct 2024, up by 83.9% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 13 homes were sold in Bradley; 69% of homes were sold within 30 days, 31% 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 20 Days Ago

Newest Listings in Bradley, IL

Nearby Markets to Bradley, IL

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