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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bridgeport is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Bridgeport, IL

How much do homes in Bridgeport, IL cost?

Median Sold Price

$485,000

$247/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,000(+6.6%)

Key Takeaway

Homes in Bridgeport have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Bridgeport was $485,000 in November 2024, up 6.6% from last year, and the median price per square foot was $247.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $220K$240.2K
+9.2%
2 $260K$287K
+10.4%
3 $480K$505K
+5.2%
4 $457.5K$490K
+7.1%
5+ $520K$550K
+5.8%

Summary: Bridgeport housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Neighborhoods

McKinley Park
+14.4%
Lower West Side / Pilsen
+9.9%
Bridgeport
+6.6%
Chinatown
-1.2%
Armour Square
-37.8%

Housing Supply in Bridgeport, IL

How many homes are available in Bridgeport, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6461-4.7%

Summary: The Bridgeport real estate market had 61 homes for sale in November 2024, a 4.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 33
0.0%
3 2924
-17.2%
4 811
+37.5%
5+ 2020
0.0%

Summary: The Bridgeport housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 17.2%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1512-20.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bridgeport, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Bridgeport in November 2024, down by 20.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.

Days on Market for Bridgeport, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
11 Days17 Days+43.7%

Summary: Homes in Bridgeport had an average of 17 days on market in Nov 2024, up by 43.7% compared to last year.

Breakdown of Home Sale Times

9 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 Bridgeport are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 12 homes were sold in Bridgeport; 75% of homes were sold within 30 days, 25% 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 22 Days Ago

Newest Listings in Bridgeport, IL

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