Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 4% from one year earlier, and down 3% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 110-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 60%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 80-thousand dollars. The number of units sold decreased 60% year-over-year, and decreased 75% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Bradley, IL
Area Information for Bradley, IL
Population:15,808
Median Age:36.77 yr
Median Commute Time:19 mins
Educational Climate*:4
Sales Tax:0%
Population Density:2,303/sq mi
Population Change Since 2000:20.21%
Closest Airport:Chicago Midway International
Closest College:Olivet Nazarene University
Closest Jr. College:Kankakee Community College
Median Household Income:$61,424
Annual Residential Turnover:0%
Median Home Sales Price:$155,000
Closest Major Sports Team:Chicago White Sox
Change Avg. Household Income Since 2000:52.48%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Bradley, IL
Median Age: 36.77Married: 37%Number of Households: 6,064Households with Children: 1,812
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.