Bradley, IL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bradley, IL Housing Market Trends

With 15,314 people, 5,607 houses or apartments, and a median cost of homes of $150,718, house prices in Bradley are solidly below the national average.

Single-family detached homes are the single most common housing type in Bradley, accounting for 76.16% of the village's housing units. Other types of housing that are prevalent in Bradley include duplexes, homes converted to apartments or other small apartment buildings ( 10.43%), large apartment complexes or high rise apartments ( 8.81%), and a few row houses and other attached homes ( 4.22%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bradley. Owner-occupied housing accounts for 65.25% of Bradley's homes, and 58.54% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Bradley's housing was primarily built during this period, from the '40s through the '60s. A full 40.96% of the village's housing hails from this era. Other housing ages represented in Bradley include homes built between 1970-1999 ( 32.47%) and housing constructed between 2000 and later ( 17.58%). There's also some housing in Bradley built before 1939 ( 8.99%).

Bradley Home Appreciation Rates

Bradley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bradley during the period has been just 2.03%, which is lower than 80% of US communities.

Over the last year, Bradley appreciation rates have trailed the rest of the nation. In the last twelve months, Bradley's appreciation rate has been 7.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bradley were at 3.93%, which equates to an annual appreciation rate of 16.67%.

Importantly, this makes Bradley one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to Illinois, our data show that Bradley's latest annual appreciation rate is higher than 80% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$150,718

Bradley, IL HOME PRICES

> $1,228,000
0.0%
0.0%
$921,001 - $1,228,000
0.0%
0.0%
$614,001 - $921,000
1.1%
1.1%
$491,001 - $614,000
0.0%
0.0%
$368,001 - $491,000
4.1%
4.1%
$246,001 - $368,000
16.9%
16.9%
$123,001 - $246,000
53.2%
53.2%
$61,001 - $123,000
22.4%
22.4%
$0 - $61,000
2.2%
2.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for IL

Value Relative To Nation

Number Of Homes And Apartments:
5,607

Bradley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
49.93% 1.90%
7
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,290 / per month

Homeownership Rate

Owners
65.2%
65.2%
Renters
34.8%
34.8%
Vacant
9.3%
9.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
17.6%
17.6%
1970 - 1999
32.5%
32.5%
1940 - 1969
41.0%
41.0%
1939 or Older
9.0%
9.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
76.2%
76.2%
Townhomes
4.2%
4.2%
Small Apt. Buildings
10.4%
10.4%
Apt. Complexes
8.8%
8.8%
Mobile Homes
0.4%
0.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.2%
2.2%
1 Bedroom
5.9%
5.9%
2 Bedrooms
31.3%
31.3%
3 Bedrooms
46.3%
46.3%
4 Bedrooms
12.3%
12.3%
5 or more bedrooms
2.1%
2.1%
0.0% 100.0%
% OF HOMES