Is Braceville Township, 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, Braceville Township has remained a Seller's Market.
Housing Prices in Braceville Township, IL
How much do homes in Braceville Township, IL cost?
Median Sold Price
$230,750
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Braceville Township was $230,750 in May 2024, up 9.9% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $75K | N/A |
2 Bedrooms | $160K | $204K | +27.5% |
3 Bedrooms | $205K | $220.1K | +7.4% |
4 Bedrooms | $338.7K | $337.4K | -0.4% |
5+ Bedrooms | $288.7K | $340K | +17.7% |
Summary: Braceville Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.5%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 17.7%.
Median Sold Price Compared To Nearby Cities
Coal City | $210K | $265K | +26.2% |
Reed Township | $203K | $223.5K | +10.1% |
Braceville Township | $209.9K | $230.7K | +9.9% |
Housing Supply in Braceville Township, IL
How many homes are available in Braceville Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 22 | -8.3% |
Summary: The Braceville Township real estate market had 22 homes for sale in May 2024, a 8.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 13 | 11 | -15.4% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Braceville Township 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 decreased by 20%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Braceville Township in May 2024, the same as the previous month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for Braceville Township, IL
How long does it take to sell a home in Braceville Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 8 Days | -83.9% |
Summary: Homes in Braceville Township had an average of 8 days on market in May 2024, down by 83.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Braceville Township; 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.