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 seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Brighton Park, IL

How much do homes in Brighton Park, IL cost?

Median Sold Price

$310,000

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,000(+5.4%)

Key Takeaway

Homes in Brighton Park have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Brighton Park was $310,000 in October 2024, up 5.4% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $58.8K$109K
+85.4%
2 $215K$157.5K
-26.7%
3 $287.5K$280.1K
-2.6%
4 $258K$283.5K
+9.9%
5+ $321K$348K
+8.4%

Summary: Brighton Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.4%, 2 bedroom homes decreased by 26.7%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 8.4%.

Median Sold Price Compared To Nearby Neighborhoods

McKinley Park
+12.5%
Garage Park
+9.8%
Southwest Side
+8.9%
Brighton Park
+5.4%

Housing Supply in Brighton Park, IL

How many homes are available in Brighton Park, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5560+9.1%

Summary: The Brighton Park real estate market had 60 homes for sale in October 2024, a 9.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 45
+25.0%
3 1013
+30.0%
4 138
-38.5%
5+ 2733
+22.2%

Summary: The Brighton Park 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 increased by 25%, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1612-25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 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. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Brighton Park in October 2024, down by 25.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% 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

Oct 2023Oct 2024CHANGE
37 Days13 Days-63.3%

Summary: Homes in Brighton Park had an average of 13 days on market in Oct 2024, down by 63.3% compared to last year.

Breakdown of Home Sale Times

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

Summary: During October 2024, 12 homes were sold in Brighton Park; 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 13 Days Ago

Newest Listings in Brighton Park, IL

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