Is Brighton Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brighton Park is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Brighton Park, IL

How much do homes in Brighton Park, IL cost?

Median Sold Price

$310,000

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,500(+5.3%)

Key Takeaway

Homes in Brighton Park have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Brighton Park was $310,000 in November 2024, up 5.3% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $83.9K-
N/A
2 $202.5K$161K
-20.5%
3 $315K$280K
-11.1%
4 $256K$285K
+11.3%
5+ $321K$355K
+10.6%

Summary: Brighton Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.5%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 10.6%.

Median Sold Price Compared To Nearby Neighborhoods

McKinley Park
+14.4%
Garage Park
+11.7%
Southwest Side
+8.8%
Brighton Park
+5.3%

Housing Supply in Brighton Park, IL

How many homes are available in Brighton Park, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5457+5.6%

Summary: The Brighton Park real estate market had 57 homes for sale in November 2024, a 5.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 45
+25.0%
3 1113
+18.2%
4 88
0.0%
5+ 3030
0.0%

Summary: The Brighton Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
137-46.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brighton Park, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Brighton Park in November 2024, down by 46.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for Brighton Park, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
121 Days36 Days-69.7%

Summary: Homes in Brighton Park had an average of 36 days on market in Nov 2024, down by 69.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in Brighton Park; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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 Brighton Park, IL

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