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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Braidwood is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Braidwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Braidwood, IL

How much do homes in Braidwood, IL cost?

Median Sold Price

$231,450

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,450(+7.7%)

Key Takeaway

Homes in Braidwood have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in Braidwood was $231,450 in November 2024, up 7.7% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $112K$123.5K
+10.3%
2 $190K$190K
0.0%
3 $230K$258.4K
+12.4%
4 $304.9K$337.2K
+10.6%
5+ $385K$385K
0.0%

Summary: Braidwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Wilmington Township
+9.7%
Diamond
+8.3%
Braidwood
+7.7%
Reed Township
+6.0%

Housing Supply in Braidwood, IL

How many homes are available in Braidwood, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2028+40.0%

Summary: The Braidwood real estate market had 28 homes for sale in November 2024, a 40.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 67
+16.7%
2 28
+300.0%
3 67
+16.7%
4 46
+50.0%
5+ 20
-100.0%

Summary: The Braidwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
113-72.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Braidwood in November 2024, down by 72.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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

Nov 2023Nov 2024CHANGE
27 Days9 Days-66.7%

Summary: Homes in Braidwood had an average of 9 days on market in Nov 2024, down by 66.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 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 November 2024, 3 homes were sold in Braidwood; 100% of homes were sold within 30 days, 0% 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 2 Days Ago

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