Is Braidwood, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Braidwood has remained a Seller's Market.
Housing Prices in Braidwood, IL
How much do homes in Braidwood, IL cost?
Median Sold Price
$227,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Braidwood was $227,000 in May 2024, up 11.8% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $97K | $112.5K | +16.0% |
2 Bedrooms | $157.5K | $186.4K | +18.4% |
3 Bedrooms | $228.5K | $250K | +9.4% |
4 Bedrooms | $297.7K | $300K | +0.8% |
5+ Bedrooms | $385K | $385K | 0.0% |
Summary: Braidwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Braidwood | $203K | $227K | +11.8% |
Reed Township | $203K | $223.5K | +10.1% |
Wilmington Township | $179.5K | $186K | +3.6% |
Diamond | $260K | $250K | -3.8% |
Housing Supply in Braidwood, IL
How many homes are available in Braidwood, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 40 | +11.1% |
Summary: The Braidwood real estate market had 40 homes for sale in May 2024, a 11.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 9 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 19 | 19 | 0.0% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Braidwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Braidwood in May 2024, up by 50.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Braidwood, IL
How long does it take to sell a home in Braidwood, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 24 Days | -5.0% |
Summary: Homes in Braidwood had an average of 24 days on market in May 2024, down by 5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Braidwood; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.