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 September 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

$228,500

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$13,500(+6.3%)

Key Takeaway

Homes in Braidwood have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Braidwood was $228,500 in September 2024, up 6.3% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $99.9K$123.5K
+23.6%
2 $190K$190K
0.0%
3 $227K$265K
+16.7%
4 $302.4K$307.5K
+1.7%
5+ $362.5K$400K
+10.3%

Summary: Braidwood housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 10.3%.

Median Sold Price Compared To Nearby Cities

Wilmington Township
+6.9%
Braidwood
+6.3%
Reed Township
+6.0%
Braceville
-7.6%

Housing Supply in Braidwood, IL

How many homes are available in Braidwood, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3125-19.4%

Summary: The Braidwood real estate market had 25 homes for sale in September 2024, a 19.4% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 77
0.0%
2 51
-80.0%
3 129
-25.0%
4 56
+20.0%
5+ 22
0.0%

Summary: The Braidwood 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 decreased by 80%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
128-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Braidwood, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Braidwood in September 2024, down by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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

Sep 2023Sep 2024CHANGE
50 Days22 Days-56.3%

Summary: Homes in Braidwood had an average of 22 days on market in Sep 2024, down by 56.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 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 September 2024, 8 homes were sold in Braidwood; 63% of homes were sold within 30 days, 38% 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 29 Days Ago

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