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 October 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

$475,000

$246/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,000(+3.7%)

Key Takeaway

Homes in Bridgeport have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Bridgeport was $475,000 in October 2024, up 3.7% from last year, and the median price per square foot was $246.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $220K$239.5K
+8.9%
2 $250K$292K
+16.8%
3 $500K$505K
+1.0%
4 $455K$510K
+12.1%
5+ $525K$530K
+1.0%

Summary: Bridgeport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 1%.

Median Sold Price Compared To Nearby Neighborhoods

McKinley Park
+12.5%
Lower West Side / Pilsen
+11.1%
Bridgeport
+3.7%
Armour Square
-35.5%

Housing Supply in Bridgeport, IL

How many homes are available in Bridgeport, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7674-2.6%

Summary: The Bridgeport real estate market had 74 homes for sale in October 2024, a 2.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 65
-16.7%
3 3030
0.0%
4 119
-18.2%
5+ 2526
+4.0%

Summary: The Bridgeport 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 decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1814-22.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 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. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Bridgeport in October 2024, down by 22.2% month-over-month. Of the 14 sold homes, 64% were sold under asking, 0% were sold at asking, and 36% 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

Oct 2023Oct 2024CHANGE
26 Days46 Days+76.2%

Summary: Homes in Bridgeport had an average of 46 days on market in Oct 2024, up by 76.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 14 homes were sold in Bridgeport; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% 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 21 Days Ago

Newest Listings in Bridgeport, IL

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