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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bridgeview is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Bridgeview, IL

How much do homes in Bridgeview, IL cost?

Median Sold Price

$276,500

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,500(+6.3%)

Key Takeaway

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

Summary: The median home sold price in Bridgeview was $276,500 in October 2024, up 6.3% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $112K$123.6K
+10.4%
2 $214.1K$251K
+17.2%
3 $272K$290K
+6.6%
4 $264.7K$294.9K
+11.4%
5+ $355K$390K
+9.9%

Summary: Bridgeview housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 9.9%.

Median Sold Price Compared To Nearby Cities

Hickory Hills
+13.5%
Justice
+9.0%
Bridgeview
+6.3%
Burbank
+4.2%

Housing Supply in Bridgeview, IL

How many homes are available in Bridgeview, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3538+8.6%

Summary: The Bridgeview real estate market had 38 homes for sale in October 2024, a 8.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 109
-10.0%
3 1920
+5.3%
4 57
+40.0%
5+ 01
+100.0%

Summary: The Bridgeview 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 10%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bridgeview, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Bridgeview in October 2024, up by 10.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.

Days on Market for Bridgeview, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days19 Days+20.5%

Summary: Homes in Bridgeview had an average of 19 days on market in Oct 2024, up by 20.5% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 11 homes were sold in Bridgeview; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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 Bridgeview, IL

Nearby Markets to Bridgeview, IL

What housing markets are near Bridgeview, IL?