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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broadview is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Broadview, IL

How much do homes in Broadview, IL cost?

Median Sold Price

$256,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$11,000(+4.5%)

Key Takeaway

Homes in Broadview have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Broadview was $256,000 in May 2024, up 4.5% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $57.7K$65K
+12.6%
2 $225K$230K
+2.2%
3 $245K$267K
+9.0%
4 $285.5K$306.5K
+7.4%
5+ $379.9K$410K
+7.9%

Summary: Broadview housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 7.9%.

Median Sold Price Compared To Nearby Cities

North Riverside
+8.5%
Proviso Township
+5.5%
Broadview
+4.5%
Maywood
+4.3%

Housing Supply in Broadview, IL

How many homes are available in Broadview, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2423-4.2%

Summary: The Broadview real estate market had 23 homes for sale in May 2024, a 4.2% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 23
+50.0%
2 87
-12.5%
3 1312
-7.7%
4 00
0.0%
5+ 11
0.0%

Summary: The Broadview housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broadview, 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 Broadview in May 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.

Days on Market for Broadview, IL

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

Average Sale Time

May 2023May 2024CHANGE
159 Days20 Days-87.3%

Summary: Homes in Broadview had an average of 20 days on market in May 2024, down by 87.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 7 homes were sold in Broadview; 86% of homes were sold within 30 days, 14% 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 1 Day Ago

Newest Listings in Broadview, IL

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